Servicios
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1.1 Macroeconomic summary
Economic recovery has consistently outperformed the technical staff’s expectations following a steep decline in activity in the second quarter of 2020. At the same time, total and core inflation rates have fallen and remain at low levels, suggesting that a significant…
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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
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This Special Report analyzes the performance of the real estate market and housing credit in Colombia and identifies potential sources of risk in the expected economic recovery scenario. To this end, it studies the dynamics of supply, demand, and price indicators. The results suggest that the…
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This report analyzes the credit risk exposure and performance of credit institutions (CIs) as of March 2021. As stated in the Financial Stability Report for the first half of 2021 CIs maintain solid solvency and liquidity levels one year after the beginning of the health emergency, despite the…
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Financial inclusion is the process of integrating financial services into the daily economic activities of the population, which can contribute to economic growth to the extent that it reduces financing and transaction costs and offers secure and efficient management of resources, both for…
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A relevant part of the liquidity management of financial institutions in Colombia is made through transactions in the money market, both collateralized and uncollateralized. The collateralized market includes transactions as repo, simultaneous, temporary transfer of securities (TTV in Spanish), and…
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The purpose of this report is to analyze market risk considering a materialization of the conditions described in the 2021-I Financial Stability Report. For this purpose, the volatility transmission among the stock and the public and private debt markets is measured to identify whether a market was…
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1.1 Macroeconomic Summary [Pág. 1]
Overall inflation (1.61%) and core inflation (excluding food and regulated items) (1.11%) both declined beyond the technical staff’s expectations in the fourth quarter of 2020. Year-end 2021 forecasts for both indicators were revised downward to 2.3% and 2.1%,…
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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.
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1.1 Macroeconomic summary
The Colombian economy sustained numerous shocks in the second quarter, primarily related to costs and supply. The majority of these shocks were unanticipated or proved more persistent than expected, interrupting the recovery in economic activity observed at the…
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Presented to the Third Committe of the Senate by our Governor, Leonardo Villar Gómez.
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In compliance with Act of Congress 31/1992, Article 5, the Board of Directors of Banco de la República hereby submits to the honorable Congress of the Republic of Colombia a detailed report on the measures that Banco de la República has taken in the emergency situation generated by Covid-19 and…
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Presented to the Third Committe of the Senate by our Governor, Leonardo Villar Gómez.
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1.1 Macroeconomic summary
Economic activity has recovered faster than projected, and output is now expected to return to pre-pandemic levels earlier than anticipated. Economic growth projections for 2021 and 2022 have been revised upward, though significant downward bias remains. (Graph 1.1).…
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Webcast by our Deputy Technical Governor, Hernando Vargas.
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This special report analyzes the combined dynamics of the real estate market in Colombia and its credit portfolio to identify potential sources of risk that could affect economic and financial stability. In particular, the behavior of variables associated with the price of real estate, its…
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This report analyzes the level of concentration in the credit and deposit markets, given the importance of this aspect in credit and liquidity risks. Likewise, it presents an additional analysis to determine the degree of competition among financial intermediaries in the credit market.
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This report analyzes the credit risk exposure and performance of credit institutions as of September 2021. After nearly two years of the health emergency, in which a high materialization of credit risk and reductions in the profitability of establishments were recorded, the Financial Stability…
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A relevant part of the liquidity management of financial institutions in Colombia is made through transactions in the money market, both collateralized and uncollateralized. The collateralized market includes transactions such as repo, simultaneous, temporary transfer of securities (TTV in Spanish…
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The purpose of this report is to measure the volatility transmission among the stock and the public and private debt markets to identify whether a market was a generator or receiver of volatility at a given point in time. Subsequently, the three markets’ overnight value-at-risk (VaR) is estimated…
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This report analyzes the main financial indicators for Central America, Panama, the Dominican Republic, and some South American countries, along with Mexico. The report assesses the behavior of the gross portfolio, risk management, efficiency, ex-post net interest margin, and ROA between June 2020…
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ApproachAt the end of each year, Colombia follows a negotiation protocol that leads to an increase in the minimum wage either by agreement between the parties or, in the absence of such agreement, by government decision. Despite evidence of its adverse effects on the labor market (formal employment…
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ApproachThis paper reviews the literature on the expected macroeconomic effects of the physical and transition risks of climate change, identifying the main strengths, weaknesses, and gaps. This review aims to contextualize climate change’s potential impact in Colombia in the coming decades and…
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Abstract
This document reviews the literature on the expected macroeconomic effects of climate related physical and transition risks (CRR), identifying the main strengths, weaknesses and gaps in said literature. This review seeks to contextualize its potential impact on Colombia in the coming…
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