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The Bank
Corporate governance
Functions
History
General Guidelines - Bank Regulation
Financial Statements (Only in Spanish)
How we contract goods and services (Only in Spanish)
Study abroad programs (Only in Spanish)
Other services (Only in Spanish)
The Governor and the Board of Directors

Leonardo Villar
Governor

Roberto Steiner
Member of the Board of Directors

Bibiana Taboada
Member of the Board of Directors

Jaime Jaramillo-Vallejo
Member of the Board of Directors

Mauricio Villamizar
Member of the Board of Directors

Olga Lucía Acosta
Member of the Board of Directors

Board of Directors activities schedule
News
Blog Banrep
Podcast Cuentas y cuentos (Only in Spanish)
Banrep Specials (Only in Spanish)
Press Releases and Minutes
News and Updates
Regulatory Updates (Only in Spanish)
Upcoming activities (Only in Spanish)
Wednesday the 17th of April, 2024
Banco de la República (the Central Bank of Colombia) reports that the schedule for the renewal of the Amira de la Rosa theater is being satisfactorily met

Tuesday the 16th of April, 2024
Dissemination of the Monthly Survey of Analysts’ Economic Expectations

Monday the 15th of April, 2024
Until today, Monday, April 15, you can participate in the call for the Study Abroad Program
Monetary and Exchange Rate Policies
Monetary Policy
Foreign Exchange Intervention Policy
Monetary and Exchange Rate Policies
Foreign Exchange Regulation and Operations (Only in Spanish)
Market Monitoring and Reporting (Only in Spanish)
Banco de la República's Auctions: Call and Contingencies (Only in Spanish)
Monetary Policy
APR
24-30
APR
30
MAY
06

Current rate: 12.25%
Effective as of April 1, 2024
The Board of Directors of Banco de la República decided by majority vote to cut the benchmark policy interest rate by 50 basis points to 12.25%
Banrep Minutes: The Board of Directors of Banco de la República decided by majority vote to cut the benchmark policy interest rate by 50 basis points to 12.25%
Financial Stability
Financial Stability and the Central Bank's actions to promote it
Monitoring of Vulnerabilities and Risks
Monitoring of Financial Infrastructures
Lender of Last Resort
Credit Policy
Publications and Research on Financial Stability
Macroprudential Policy Regulations (Only in Spanish)
Thursday the 14th of December, 2023
Financial Infrastructure Report 2023

Tuesday the 5th of December, 2023
Financial Stability Report - Second Half 2023 (only in Spanish)

Monday the 25th of September, 2023
Financial Stability Report - First Half 2022

Monday the 11th of September, 2023
Financial Stability Report - Second Half of 2022
Publications and Research
New - Banrep Store (Only in Spanish)
Economic Research Site
Main Reports
Working Papers
Journals and Periodicals
Books and Chapters (Only in Spanish)
Presentations and Speeches
Cultural Publications (Only in Spanish)
Other Publications
Monday the 22th of April, 2024
Documentos de Trabajo sobre Economía Regional y Urbana - The Impact of Hard Discount Stores on Local Labor Markets: Evidence from Colombia

Thursday the 18th of April, 2024
Documentos de Trabajo sobre Economía Regional y Urbana - Natural disasters, emergency declaration, and corruption

Tuesday the 16th of April, 2024
Borradores de Economía - Debt taxes during crises, a blessing in disguise?

Friday the 5th of April, 2024
Borradores de Economía - Luck of the Draw: The Causal Effect of Physicians on Birth Outcomes
Economic Statistics
NEW! Banrep stats (Only in Spanish)
Prices and inflation (Only in Spanish)
Interest rates and the financial sector (Only in Spanish)
The Bank's operations in the market and international reserves (Only in Spanish)
Exchange rates, external sector and derivatives (Only in Spanish)
Economic activity, labor market and financial accounts (Only in Spanish)
Public sector and government debt (Only in Spanish)
Surveys (Only in Spanish)
Bulletins and statistical summaries (Only in Spanish)
Surveys

Monday, 22 de April de 2024

Divulgación de la Encuesta Mensual de Expectativas Económicas - Febrero 2024

Monday, 15 de April de 2024

Divulgación de la Encuesta Mensual de Expectativas de Analistas Económicos - Abril 2024

Wednesday, 20 de March de 2024

Divulgación de la Encuesta Mensual de Expectativas Económicas - Enero 2024

Friday, 15 de March de 2024

Divulgación de la Encuesta Mensual de Expectativas de Analistas Económicos - Marzo 2024
Banknotes and Coins
Treasury Services (Only in Spanish)
Circulating Banknotes
Circulating Coins
Commemorative coins
Production and Circulation Statistics (Only in Spanish)
Training in Security Features (Only in Spanish)
Numismatic Collection
Central Facility for Engraving, Printing and Distribution of Cash; and Mint(Only in Spanish)
There are Five Ways to Verify the Authenticity of Banknotes

Circulation and Production Statistics (Only in Spanish)

Transformation of Branches into Cultural Agencies: provision of cash and currency exchange (Only in Spanish)
Payment Systems
Real-Time Payments (Only in Spanish)
Compensación de Cheques (CEDEC-CCSD in Spanish, Electronic Clearing System for checks and ther payment instruments)
Compensación Electrónica Nacional Interbancaria (CENIT in Spanish, national interbank electronic settlement system)
Depósito Central de Valores (DCV in Spanish, Central Securities Depository)
Sistema de Cuentas de Depósito (CUD in Spanish, Deposit Accounts System)
Sistema Electrónico de Negociación (SEN in Spanish, Electronic Trading System)
Colombian Payment Systems Forum (Only in Spanish)

Interactive Statistics (CEDEC-CCSD, CENIT, and CUD) (Only in Spanish)

Central Securities Depository Modernization (Only in Spanish)

The Bank
Corporate governance
Functions
History
General Guidelines - Bank Regulation
Financial Statements (Only in Spanish)
How we contract goods and services (Only in Spanish)
Study abroad programs (Only in Spanish)
Other services (Only in Spanish)
The Governor and the Board of Directors

Leonardo Villar
Governor

Roberto Steiner
Member of the Board of Directors

Bibiana Taboada
Member of the Board of Directors

Jaime Jaramillo-Vallejo
Member of the Board of Directors

Mauricio Villamizar
Member of the Board of Directors

Olga Lucía Acosta
Member of the Board of Directors

Board of Directors activities schedule
News
Blog Banrep
Podcast Cuentas y cuentos (Only in Spanish)
Banrep Specials (Only in Spanish)
Press Releases and Minutes
News and Updates
Regulatory Updates (Only in Spanish)
Upcoming activities (Only in Spanish)
Wednesday the 17th of April, 2024
Banco de la República (the Central Bank of Colombia) reports that the schedule for the renewal of the Amira de la Rosa theater is being satisfactorily met

Tuesday the 16th of April, 2024
Dissemination of the Monthly Survey of Analysts’ Economic Expectations

Monday the 15th of April, 2024
Until today, Monday, April 15, you can participate in the call for the Study Abroad Program
Monetary and Exchange Rate Policies
Monetary Policy
Foreign Exchange Intervention Policy
Monetary and Exchange Rate Policies
Foreign Exchange Regulation and Operations (Only in Spanish)
Market Monitoring and Reporting (Only in Spanish)
Banco de la República's Auctions: Call and Contingencies (Only in Spanish)
Monetary Policy
APR
24-30
APR
30
MAY
06

Current rate: 12.25%
Effective as of April 1, 2024
The Board of Directors of Banco de la República decided by majority vote to cut the benchmark policy interest rate by 50 basis points to 12.25%
Banrep Minutes: The Board of Directors of Banco de la República decided by majority vote to cut the benchmark policy interest rate by 50 basis points to 12.25%
Financial Stability
Financial Stability and the Central Bank's actions to promote it
Monitoring of Vulnerabilities and Risks
Monitoring of Financial Infrastructures
Lender of Last Resort
Credit Policy
Publications and Research on Financial Stability
Macroprudential Policy Regulations (Only in Spanish)
Thursday the 14th of December, 2023
Financial Infrastructure Report 2023

Tuesday the 5th of December, 2023
Financial Stability Report - Second Half 2023 (only in Spanish)

Monday the 25th of September, 2023
Financial Stability Report - First Half 2022

Monday the 11th of September, 2023
Financial Stability Report - Second Half of 2022
Publications and Research
New - Banrep Store (Only in Spanish)
Economic Research Site
Main Reports
Working Papers
Journals and Periodicals
Books and Chapters (Only in Spanish)
Presentations and Speeches
Cultural Publications (Only in Spanish)
Other Publications
Monday the 22th of April, 2024
Documentos de Trabajo sobre Economía Regional y Urbana - The Impact of Hard Discount Stores on Local Labor Markets: Evidence from Colombia

Thursday the 18th of April, 2024
Documentos de Trabajo sobre Economía Regional y Urbana - Natural disasters, emergency declaration, and corruption

Tuesday the 16th of April, 2024
Borradores de Economía - Debt taxes during crises, a blessing in disguise?

Friday the 5th of April, 2024
Borradores de Economía - Luck of the Draw: The Causal Effect of Physicians on Birth Outcomes
Economic Statistics
NEW! Banrep stats (Only in Spanish)
Prices and inflation (Only in Spanish)
Interest rates and the financial sector (Only in Spanish)
The Bank's operations in the market and international reserves (Only in Spanish)
Exchange rates, external sector and derivatives (Only in Spanish)
Economic activity, labor market and financial accounts (Only in Spanish)
Public sector and government debt (Only in Spanish)
Surveys (Only in Spanish)
Bulletins and statistical summaries (Only in Spanish)
Surveys

Monday, 22 de April de 2024

Divulgación de la Encuesta Mensual de Expectativas Económicas - Febrero 2024

Monday, 15 de April de 2024

Divulgación de la Encuesta Mensual de Expectativas de Analistas Económicos - Abril 2024

Wednesday, 20 de March de 2024

Divulgación de la Encuesta Mensual de Expectativas Económicas - Enero 2024

Friday, 15 de March de 2024

Divulgación de la Encuesta Mensual de Expectativas de Analistas Económicos - Marzo 2024
Banknotes and Coins
Treasury Services (Only in Spanish)
Circulating Banknotes
Circulating Coins
Commemorative coins
Production and Circulation Statistics (Only in Spanish)
Training in Security Features (Only in Spanish)
Numismatic Collection
Central Facility for Engraving, Printing and Distribution of Cash; and Mint(Only in Spanish)
There are Five Ways to Verify the Authenticity of Banknotes

Circulation and Production Statistics (Only in Spanish)

Transformation of Branches into Cultural Agencies: provision of cash and currency exchange (Only in Spanish)
Payment Systems
Real-Time Payments (Only in Spanish)
Compensación de Cheques (CEDEC-CCSD in Spanish, Electronic Clearing System for checks and ther payment instruments)
Compensación Electrónica Nacional Interbancaria (CENIT in Spanish, national interbank electronic settlement system)
Depósito Central de Valores (DCV in Spanish, Central Securities Depository)
Sistema de Cuentas de Depósito (CUD in Spanish, Deposit Accounts System)
Sistema Electrónico de Negociación (SEN in Spanish, Electronic Trading System)
Colombian Payment Systems Forum (Only in Spanish)

Interactive Statistics (CEDEC-CCSD, CENIT, and CUD) (Only in Spanish)

Central Securities Depository Modernization (Only in Spanish)

Breadcrumb

Home
Current: Entrepreneurship and Interest Rate Shocks in a Small Open Economy

Entrepreneurship and Interest Rate Shocks in a Small Open Economy

English

Este evento hace parte de la serie:

Otros seminarios y talleres

Wednesday

Nov

10

2010

City:

Bogotá, Colombia

Expositor/es:

Luis Fernando Mejía

Date and time:

Wed, Nov 10 2010, 12 - 2pm

Adjuntos

Seminario40.pdf

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Surveys

Monday, 22 de April de 2024

Divulgación de la Encuesta Mensual de Expectativas Económicas - Febrero 2024

Monday, 15 de April de 2024

Divulgación de la Encuesta Mensual de Expectativas de Analistas Económicos - Abril 2024

Wednesday, 20 de March de 2024

Divulgación de la Encuesta Mensual de Expectativas Económicas - Enero 2024

Friday, 15 de March de 2024

Divulgación de la Encuesta Mensual de Expectativas de Analistas Económicos - Marzo 2024

Entérese [+ info]

La Junta Directiva del Banco de la República le rinde cuentas a la ciudadanía a través del Informe al Congreso, que analiza el cambio sustancial del escenario macroeconómico entre 2020 y 2021, y plantea los retos de la política económica colombiana. Consúltelo aquí.

Nuestros informes más recientes

Informe de Política Monetaria - Abril 2022

Publicado: mayo 2, 2022

Informe de la Junta Directiva al Congreso de la República - Marzo 2022

Publicado: marzo 31, 2022

Administración de las Reservas Internacionales - 2021

Publicado: diciembre 20, 2021

There are Five Ways to Verify the Authenticity of Banknotes

Circulation and Production Statistics (Only in Spanish)

Transformation of Branches into Cultural Agencies: provision of cash and currency exchange (Only in Spanish)

Programas de Estudios en el Exterior

Necesidades frecuentes

Atención a inversionistas

El Banco en Colombia

La Biblioteca Luis Ángel Arango...

El Museo del Oro en Bogotá...

Museos de arte...

La actividad musical del Banrep...

Colombian Payment Systems Forum (Only in Spanish)

Interactive Statistics (CEDEC-CCSD, CENIT, and CUD) (Only in Spanish)

Central Securities Depository Modernization (Only in Spanish)

Portada Reporte de la Infraestructura Financiera 2023

Thursday the 14th of December, 2023

Financial Infrastructure Report 2023

Portada Reporte de Estabilidad Financiera 2023-II

Tuesday the 5th of December, 2023

Financial Stability Report - Second Half 2023 (only in Spanish)

Imagen decorativa

Monday the 25th of September, 2023

Financial Stability Report - First Half 2022

Portada - Reporte de Estabilidad Financiera - Segundo semestre 2022

Monday the 11th of September, 2023

Financial Stability Report - Second Half of 2022

Fachada del Teatro Amira de la Rosa en Barranquilla

Wednesday the 17th of April, 2024

Banco de la República (the Central Bank of Colombia) reports that the schedule for the renewal of the Amira de la Rosa theater is being satisfactorily met

Imagen decorativa

Tuesday the 16th of April, 2024

Dissemination of the Monthly Survey of Analysts’ Economic Expectations

Imagen decorativa

Monday the 15th of April, 2024

Until today, Monday, April 15, you can participate in the call for the Study Abroad Program

Portada de la colección Documentos de Trabajo sobre Economía Regional y Urbana, que evoca la historia del Banco de la República.

Monday the 22th of April, 2024

Documentos de Trabajo sobre Economía Regional y Urbana - The Impact of Hard Discount Stores on Local Labor Markets: Evidence from Colombia

Portada de la colección Documentos de Trabajo sobre Economía Regional y Urbana, que evoca la historia del Banco de la República.

Thursday the 18th of April, 2024

Documentos de Trabajo sobre Economía Regional y Urbana - Natural disasters, emergency declaration, and corruption

Portada de la colección Borradores de Economía, que evoca la historia del Banco de la República.

Tuesday the 16th of April, 2024

Borradores de Economía - Debt taxes during crises, a blessing in disguise?

Portada de la colección Borradores de Economía, que evoca la historia del Banco de la República.

Friday the 5th of April, 2024

Borradores de Economía - Luck of the Draw: The Causal Effect of Physicians on Birth Outcomes

Encuestas
MIÉRCOLES, 3 AGOSTO 2022 Divulgación de la Encuesta Trimestral de Expectativas Económicas (ETE) - II Trimestre 2022	LUNES, 1 AGOSTO 2022 Divulgación de reportes de encuestas sobre estabilidad financiera - II trimestre de 2022 y del I semestre de 2022
JUEVES, 21 JULIO 2022 Divulgación de la Encuesta Mensual de Expectativas Económicas - Mayo 2022	VIERNES, 15 JULIO 2022 Divulgación de la Encuesta Mensual de Expectativas de Analistas Económicos - Julio 2022

The Governor and the Board of Directors

Leonardo Villar

Leonardo Villar

Roberto Steiner

Member of the Board of Directors

Fotografía en blanco y negro de Bibiana Taboada

Bibiana Taboada

Member of the Board of Directors

Imagen Codirector Jaime Jaramillo-Vallejo

Jaime Jaramillo-Vallejo

Member of the Board of Directors

Fotografía del codirector Mauricio Villamizar

Mauricio Villamizar

Member of the Board of Directors

Imagen Codirectora Olga Lucía Acosta Navarro

Olga Lucía Acosta

Member of the Board of Directors

Board of Directors activities schedule

The Governor and the Board of Directors

Leonardo Villar

Leonardo Villar

Roberto Steiner

Member of the Board of Directors

Fotografía en blanco y negro de Bibiana Taboada

Bibiana Taboada

Member of the Board of Directors

Imagen Codirector Jaime Jaramillo-Vallejo

Jaime Jaramillo-Vallejo

Member of the Board of Directors

Fotografía del codirector Mauricio Villamizar

Mauricio Villamizar

Member of the Board of Directors

Imagen Codirectora Olga Lucía Acosta Navarro

Olga Lucía Acosta

Member of the Board of Directors

Board of Directors activities schedule

Política monetaria


ABR 24-30	ABR 30	MAY 06

Tasa actual: 12,25 %

Vigente a partir del 1 de abril de 2024

La Junta Directiva del Banco de la República decidió por mayoría reducir en 50 puntos básicos (pbs) la tasa de interés de política monetaria a 12,25%

Minutas Banrep: La Junta Directiva del Banco de la República decidió por mayoría reducir en 50 puntos básicos (pbs) la tasa de interés de política monetaria a 12,25%

Study Programs Abroad

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Monetary Policy


APR 24-30	APR 30	MAY 06

Trending news [+ info]

The Regional Economic Bulletin for Q4-2021 provides information on the evolution of the main variables of economic activity in the regions of the country: Bogotá, center, Caribbean Coast, Eje Cafetero, Northwest, Northeast, Southwest, and Southeast regions. [Only in Spanish. Find it here]

Latest releases

Monetary Policy Report - January 2023

Published: August 02th, 2023

Monetary Policy Report - April 2023

Published: May 2th, 2023

The Board of Directors´ Report to the Congress of Colombia - July 2021 (Only in Spanish)

Published: August 3rd, 2021

The Luis Ángel Arango library...

The Gold Museum in Bogotá...

Art Museums...

Musical activity at Banrep...

The Luis Ángel Arango library...

The Gold Museum in Bogotá...

Art Museums...

Musical activity at Banrep...

Surveys (only in Spanish)
WEDNESDAY, 3 AUGUST 2022 Dissemination of the Quarterly Survey of Economic Expectations (QSE) - II quarter 2002	MONDAY, 1 AUGUST 2022 Dissemination of Financial Stability Survey Reports - II Quarter 2022 and I Half of 2022
THURSDAY, 21 JULY 2022 Dissemination of the Monthly Survey of Economic Expectations - May 2022	FRIDAY, 15 JULY 2022 Dissemination of the Monthly Survey of Analysts’ Economic Expectations - July 2022

Current rate: 12.25%

Effective as of April 1, 2024

The Board of Directors of Banco de la República decided by majority vote to cut the benchmark policy interest rate by 50 basis points to 12.25%

Banrep Minutes: The Board of Directors of Banco de la República decided by majority vote to cut the benchmark policy interest rate by 50 basis points to 12.25%

Most popular services

Most popular services

Encuestas
MARTES 22 MARZO 2022 Divulgación de la Encuesta Mensual de Expectativas Económicas - Enero 2022	MARTES 15 MARZO 2022 Divulgación de la Encuesta Mensual de Expectativas de Analistas Económicos - Marzo 2022
MIÉRCOLES 02 MARZO 2022 Divulgación de la Encuesta de Tráfico Fronterizo (ETF) - IV Trimestre de 2021	LUNES 21 FEBRERO 2022 Divulgación de la Encuesta Mensual de Expectativas Económicas - Diciembre 2021

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