Monetary Policy Report

Webcast by our Deputy Technical Governor, Hernando Vargas.

Presentación del Informe de Política Monetaria a cargo del gerente general, Leonardo Villar, y de Hernando Vargas, gerente técnico del Banco de la República

Overall inflation (1.61%) and core inflation (excluding food and regulated items) (1.11%) both declined…

Webcast by our Deputy Technical Governor, Hernando Vargas.

Presentación del Informe de Política Monetaria a cargo del gerente general, Leonardo Villar, y de Hernando Vargas, gerente técnico del Banco de la República.

Banco de la República (the Central Bank of Colombia) is required by the Constitution to maintain the purchasing power of Colombia’s currency in coordination with general economic policy1. In order to fulfill this mandate, the Central Bank of Colombia’s Board of Directors…

Rueda de prensa virtual: Presentación del Informe de Política Monetaria - Agosto 2020 from Banco de la República - Colombia on Vimeo.

Banco de la República (the Central Bank of Colombia) is required by the Constitution to maintain the purchasing power of Colombia’s currency in coordination with general economic policy1. In order to fulfill this mandate, the Central Bank of Colombia’s Board of Directors…

Presentación virtual del Informe de Política Monetaria a cargo del gerente general, Juan José Echavarría, y de Hernando Vargas, gerente técnico del Banco de la República.

Banco de la República (the Central Bank of Colombia) is required by the Constitution to maintain the purchasing power of Colombia’s currency in coordination with general economic policy1. In order to fulfill this mandate, the Central Bank of Colombia’s Board of Directors…

Presentación del Informe de Política Monetaria Enero 2020, realizada en la Universidad de la Salle.

Presentación del Informe de Política Monetaria Enero 2020, realizada en la sala de prensa del Banco de la República.

Monetary Policy in Colombia

As per its constitutional mandate, Banco de la República must ensure that the purchasing power of the currency is maintained in coordination with the general economic policy1. In order to fulfill this mandate, the Board of Direc­tors of…

Banco de la República is currently in the process of modernizing its Inflation Report with the goal of communicating an analysis of economic conditions and forecasts for the economy in a better way. For that reason, as of the October edition, the report will be structured as…

In March, inflation stood at 3.21% (graph A) and the average of core inflation indicators is 2.82%. These figures are lower than was expected a quarter ago and close to the 3.0% inflation target. The lower actual inflation versus the forecast is explained mainly by tradables (0.9%) and non-…

In December 2018, inflation and all core inflation indicators fell close to the 3.0% target. Inflation expectations to one and more years are around 3.5%. The new economic activity figures for the last quarter of 2018 suggest that economic growth is still recovering from levels of output lower…

In the third quarter of 2018, inflation rose less than expected by analysts and the Central Bank’s technical st

During the second quarter of 2018, inflation and inflation expectations, as well as several of the core inflation indicators, tended to stabilize and stood close to the 3.0% target. In that period, the economy´s growth could have been low, although improving, with a spare capacity that would…

In the first quarter of 2018, inflation and core inflation fell more than projected and accelerated their convergence to the 3.0% target. In March 2018, the annual variation of the CPI and the average of core inflation indicators stood at 3.14% and 3.64%, respectively. These figures were close…