Servicios
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At a meeting on April 30, the Board of Directors agreed to manage the bank reference indicator (BRI), as requested by the Colombian Banking Association (Asobancaria). The design of this indicator reflects the reference interest rate representative of liquidity conditions on the money market.The BRI…
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As delegated by the Board of Directors of Banco de la República, the Monetary and Exchange Intervention Committee decided today, in its ordinary session, that Banco de la República will rollover its U.S. dollar non-delivery forward contracts in December 2020, through auctions held…
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As delegated by the Board of Directors of Banco de la República, the Monetary and Exchange Intervention Committee decided today, in its ordinary session, that the Central Bank will rollover its U.S. dollar non-delivery forward contracts in February 2021, through auctions held on the maturity dates.
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On 3 November 1998, Banco de la República (the Central Bank of Colombia) launched the Electronic Trading System (SEN). The SEN is a technology infrastructure managed by the Central Bank for the negotiation and registration of transactions with public debt bonds holdings at the Central Security…
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On May 9 and 10, Banco de la República (the Central Bank of Colombia) through the Economics Researchers Network, the National Bureau of Economic Research (NBER), and the Andean Reserve Fund (FAR) will hold the conference “Emerging and Frontier Markets: Capital Flows, Resiliency, Risks, and…
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In their meeting today, the Board of Directors of Banco de la Republica, the Central Bank of Colombia, defined the 2012 inflation target in 3%+/-1pp. The Board believes that the conditions or the Colombian economy let foresee that, hereinafter, inflation will remain in this range corresponding to…
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The Board of Directors of Banco de la Republica, the Central Bank of Colombia, has decided to increase de intervention interest rate by 25 base points. Therefore, the base rate for expansion auctions will be 5.00%. In the decision-making process, the following was taken into account:…
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The Board of Directors of Banco de la Republica, the Central Bank of Colombia, decided today to maintain its intervention interest rate unaltered at 4.75%. This decision was made in taking the following into account:
International financial markets continue to show high volatility levels as…
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The Board of Directors of Banco de la Republica, in their meeting held today, decided to keep unaltered the intervention interest rate at 4.5%. This decision was made after due consideration of the following:
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The Board of Directors of Banco de la Republica, in their meeting held today, decided to keep unchanged the intervention interest rate at 4.5%. This decision was made after due consideration of the following:
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According to the thirteenth version of the Opinion Panel of the Cifras & Conceptos firm, Banco de la República was once again recognized as the institution that generates the most trust among opinion leaders. This year it received a rating of 69 points out of 100, which is a higher score than…
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With a score of 68 points out of 100, Banco de la República was recognized as the institution that generates the most confidence among the country's opinion leaders. This is according to the twelfth version of an opinion poll conducted by Cifras & Conceptos.
The firm surveyed 2,004 opinion…
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Six Board Members voted in favor of this decision and one member voted for a 50-bp increase.
In its policy discussion, the Board considered the following elements:
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The decision was based on the following considerations:
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During the previous month, adverse financial conditions worsened, brought on by global and idiosyncratic factors. These conditions caused —among other effects— a higher monthly depreciation than that of other emerging economies.
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Gross, Net
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The decision to raise the benchmark interest rate to 7.5% was unanimous, and was based on the following considerations:
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Six board members voted in favor of this decision and one voted for a 100 basis point increase.
The decision was based on the following considerations:
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The International Financial Reporting Standards (IFRS), issued by a private and independent body, are based on the principles of the international accounting framework that has become the world standard for the production of homogeneous, comparable and transparent financial information.
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Banco de la República (BR) posted historically high profits in 2019 and 2020, which accounted for 7.1 billion and 7.5 billion pesos respectively. This was mainly the result of the extraordinary returns on the foreign reserves (FR) which totaled 7.6 billion and 6.6 billion pesos for each of these…
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IntroductionIn its most recent financial report for 2023 (only available in Spanish), Banco de la República (the Central Bank of Colombia or Banrep) reported historical profits of 9.2 trillion of Colombian pesos, mainly due to the yield of the international reserves (IR) .
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The Covid-19 pandemic caused an economic downturn and an unprecedented increase in the unemployment rate. In April 2020, when the impact of the pandemic was strongest, the National Department of Statistics (DANE) estimated that economic activity dropped at an annual rate of 20.1% based on the…
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In the last year (to April 2019), government deposits at the Central Bank of Colombia have increased by COP $7.6 trillion. This movement generates a monetary contraction. It is the Central Bank's role to provide the liquidity required by the economy in the terms and conditions it deems appropriate…
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In their meeting today, the Board of Directors of the Banco de la Republica decided to hold the benchmark interest rate at 3.25%. In making this decision, the Board took the following relevant factors into account:- The figures for the third quarter show that the growth of a large number of…
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