Servicios

The Board of Directors of Banco de la República reiterates its commitment to the 3% inflation target policy guideline and objective.The Board expects inflation to decrease in 2026 and end the year in the upper bound of the 3 ± 1% range, converging to the 3% objective by 2027.Monetary policy actions…

In November, annual inflation fell to 5.2%, below the 5.4% seen in October. Core inflation, excluding food and regulated items, remained close to 5.4%, reflecting persistent inflationary pressures in the services sector.For 2025, inflation is expected to continue converging toward the target,…

Earlier this week, El Nuevo Siglo highlighted Governor Leonardo Villar as “Person of the Year.”A few days later, Portafolio, a newspaper specialized in economics, emphasized the effective work of the Board of Directors in stabilizing inflation.“As the year progressed and inflation started to ease,…

Headline inflation in December stood at 5.1%, slightly lower than the 5.2% figure for year-end 2024. Core inflation - which excludes food and regulated items - rose from 4.85% to 5.02% between November and December.Inflation expectations in January rose sharply compared to December’s measurements.…

After rising to 5.5% year on year in October, headline inflation declined to 5.3% in November. However, it remained above the level observed at the end of 2024. Core inflation (excluding food and regulated items) stood at 4.9%, down from 5.2% at the end of 2024.One- and two-year-ahead inflation…

Headline inflation stood at 5.1% in August, while core inflation excluding food and regulated items ended the month at 4.8%, exceeding the technical staff’s forecasts. The new outlook scenario suggests a slower convergence of inflation toward the 3% target.Analysts’ inflation expectations are…

Annual inflation in June fell to 4.8% from 5.1% in May, owing to a drop in food and regulated items inflation, particularly electricity. Core inflation excluding food and regulated items stabilized at 4.8%, reversing the declining trend. Inflation expectations remain above the target, with a stable…

Annual inflation resumed its downward trend, decreasing from 5.3% in February to 5.1% in March. Core inflation, excluding food and regulated items, also declined, from 4.9% to 4.8%. Inflation expectations derived from public debt markets fell, while those obtained from surveys remained stable.…

The Board of Directors of Banco de la República unanimously appointed Leonardo Villar-Gómez as Governor for the term beginning on 04 January 2025. 

Annual inflation in June remained stable at 7.2%, in line with expectations.

Complying with the provisions of Act 31 of 1992, Banco de la República reiterates that its inflation target is 3.0%.Inflation can deviate from the target due to transitory shocks affecting the economies. In some cases, these shocks reverse quickly.

At its session today, the Board of Directors of Banco de la Republica (the Central Bank of Colombia) appointed Mr José Dario Uribe-Escobar(*) as Governor of Banco de la Republica for the four-year period beginning in January 4 2013. Mr. Uribe has been acting as this institution’s Governor…

In its policy discussion, the Board considered the following elements: 

Questions and answers

The Board of Directors of Banco de la República, in its meeting today, approved the financial statements of the Central Bank for the 2019 period. Both the Auditor General of the Bank as well as the external auditing firm Deloitte & Touche Ltda. issued their opinions with no comments.…

The Board of Directors of Banco de la República, in accordance with Act 31 of 1992, confirms that the inflation target is 3.0%, and reiterates that the monetary policy actions undertaken so far are aimed at driving inflation to a range of 3.0% ± 1 pp in 2017 and consolidate its convergence to 3.0…

The Board of Directors of Banco de la República, in its meeting today, decided to maintain the benchmark interest rate at 4.25% For this decision, the Board mainly took into account the following aspects:

The Board of Directors of Banco de la República at today’s meeting decided to maintain the benchmark interest rate at 7.75%.   The Board of Directors of Banco de la República at today’s meeting decided to maintain the benchmark interest rate at 7.75%. For this decision, the Board mainly took…

The Board of Directors of Banco de la República at today’s meeting decided to maintain the benchmark interest rate at 7.75%. For this decision, the Board mainly took into account the following aspects: 

The Board of Directors of Banco de la República at today’s meeting decided to maintain the benchmark interest rate at 7.75%. For this decision, the Board mainly took into account the following aspects:  

The Board of Directors of Banco de la República at today’s meeting decided to reduce the benchmark interest rate by 25 bp to 7.5%. For this decision, the Board mainly took into account the following aspects: 

In March, annual headline inflation reached 7.4%, while inflation excluding food and regulated items stood at 6.8%. These figures consolidate the downward trend in price variation observed throughout 2023. The reduction in annual inflation was largely driven by decreases in the goods and food…

Annual headline inflation continued its downward trend during February, standing at 7.7% and exhibiting a cumulative drop of 1.5 percentage points during the first two months of the year.

 For September, total headline inflation closed at 11% and core inflation (excluding food and regulated items) at 9.5%. These values are lower than those observed in August yet remain high and well above the target.

Between April and May, annual headline inflation edged down from 5.2% to 5.1%. Core inflation—excluding food and regulated items—also declined, from 4.9% to 4.8%.