Servicios
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This report analyzes the level of concentration in the credit and deposit markets, given its relevance for the materialization of credit and liquidity risks. An additional exercise is conducted to assess the degree of competition among financial intermediaries in the credit market.
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This report analyzes the results of annual surveys on financing structure and foreign exchange risk applied to a representative sample of companies by Banco de la República (the Central Bank of Colombia) and Fedesarrollo. The report aims to deepen the knowledge of the firms' financing and the use…
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This report analyzes credit risk exposure and the performance of credit institutions (CIs) as of September 2020. The Financial Stability Report for the second half of 2020 noted that although CIs have managed to face the health emergency with solid solvency and liquidity, it is expected for the…
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This report analyzes the main financial indicators for Central and South America, the Dominican Republic, and Mexico. To evaluate the situation of the region’s credit institutions, the report considers the performance of their portfolio, risk management, profitability, and efficiency for the period…
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The analysis of liquidity conditions in financial markets allows for an understanding of the dynamics of agents in the payment system and how external shocks may have affected them. Therefore, this report analyzes aspects of market liquidity in the Colombian financial system related to the public…
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The purpose of this report is to measure the transmission of volatility present among public debt, private debt, and stock markets to identify whether a market was either a generator or a receiver of volatility at a given point in time. Subsequently, the overnight value at risk (VaR) of the…
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ApproachThis paper studies the determinants of regional income inequalities (non-labor and labor) between 2010 and 2019 and how they changed due to the effects of the COVID-19 pandemic.
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ApproachThis article addresses the question: Has the delay in the provision of transport infrastructure in Colombia, caused in part by historically low levels of investment, been a significant obstacle to its economic growth and regional and international integration? The question thus poses the…
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ApproachThis Ensayos Sobre Política Económica (ESPE in Spanish) paper is framed within the area of macroeconomic literature that studies the expectation formation process. Under an inflation targeting scheme, expected inflation plays a central role in the analysis of monetary policy and its effect…
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In 2021, the global economic experienced a faster-than-expected recovery compared to the beginning of the year. This recovery led to increases in commodity prices and, in some cases, disruptions to global supply chains due to growing demand, resulting in increased inflationary pressures globally.…
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Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…
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Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…
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El principal objetivo del Banco de la República es preservar la capacidad adquisitiva de la moneda, en coordinación con la política económica general, entendida como aquella que propende por estabilizar el producto y el empleo en sus niveles sostenibles de largo plazo.El adecuado cumplimiento del…
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Banco de la República’s main objective is to preserve the purchasing power of the currency in coordination with the general economic policy that is intended to stabilize output and employment at long-term sustainable levels.
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Banco de la República provides a comprehensive overview of Colombia’s finan¬cial infrastructure in its Payment Systems Report, which is an important product of the work it does to oversee that infrastructure.
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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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