Servicios

One of the main functions of Banco de la República is to further the safe and efficient functioning of the payment systems, a job it carries out by providing banking services to financial institutions. These include access to payment systems and to trading, clearing, and custody of government bonds…

Crypto-assets (CA) such as Bitcoin are digital units that can be used as a medium of payment for the exchange of goods and services, as a store of value, and as a unit of account (FATF, 2015). These assets can be stored on computer devices and transferred by the internet on a global scale whether…

The evolution of the Colombian economy during the first half of 2018 shows that the process of adjustment to the shocks of the last few years has consolidated simultaneously with an upturn in economic activity and improvement in consumer and entrepreneur confidence. The recent recovery has taken…

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 have…

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 to 1…

In compliance with Article 5, Act of Congress 31/1992, the Board of Directors of Banco de la República hereby submits to the Congress of the Republic of Colombia a report on the macroeconomic results for 2017 and the outlook for 2018 for its consideration. The last two chapters report on the…

This Financial Stability Report (FSR) presents the Central Bank’s appreciation on the recent performance of credit institutions and their debtors, as well as on the main risks and vulnerabilities that could affect the financial stability of the Colombian economy. The FSR is intended to keep both…

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

Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s service…

Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s service…

Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s service…

Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s service…

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In Colombi

Colombia consistently exhibits one of the lowest levels of productivity in Latin America in relative terms compared to developed countries. Between 1951 and 2015, Colombia's total factor productivity is, on average, just a little more than half that of the United States. This immense gap in…

For the last decade, Banco de la República has provided oversight of the local financial infrastructure as an additional contribution to support the country’s financial stability. This is a function performed by most central banks the world over, because they recognize infrastructure as being an…

This is the Statistical Annex of a new publication by the Governor of the Central Bank of Colombia. It is addressed to citizens, analysts, and domestic and foreign investors interested in learning about the most recent events in the Colombian economy, and their implications for monetary policy…

This special report analyzes the combined dynamics of the real estate market in Colombia and housing credit to identify potential sources of risk that could affect financial stability. In particular, the performance of variables associated with the prices of housing, their financing, the levels of…

Monitoring credit risk is essential to preserve the stability of the financial system. For each type of loan the analysis presented in this report uses indicators such as quality risk, non-performing loans indicator (ICM in Spanish), quality indicator by risk for transactions, non-performing loans…

The analysis of household debt has become more relevant in recent years due to the increased exposure of credit institutions to this sector, which is at the highest levels recorded in the last decade. As of April 2019, 43.7% of the portfolio of those institutions was allocated to households. In…

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. The measurement…