The Board of Directors´ Report to the Congress of Colombia Summary - July 2017
En cumplimiento con lo estipulado en el artículo 5 de la Ley 31 de 1992, la Junta Directiva del Banco de la República presenta a consideración del Honorable Congreso de la República, un informe al Congreso de la República en el cual da cuenta del comportamiento de la economía y de sus perspectivas. Este informe se presenta dos veces al año, en los meses de marzo y julio, dentro de los diez días hábiles siguientes a la fecha de inicio de las sesiones del Congreso.
The Board of Directors of the Central Bank of Colombia, as established in Article 5° of Act 31 of 1992, submitted its second report of the year to the Congress of Colombia. The report analyzes the international economic environment, the performance of the Colombian economy so far in 2017, and the outlook for the rest of the year. In this context, monetary policy decisions taken in the past few months are explained. Also, the report delves into topics of interest such as the behavior of the labor market, inflation, the external balance, and the financial sector. Additionally, the text discusses the management of international reserves and the financial situation of the Central Bank.
