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Annual inflation increased marginally to 5.3% in February, following a three-month period of stability at 5.2%. The most significant increases were observed in the prices of processed foods and certain regulated items, including gas and transportation. Inflation excluding food and regulated items…
In December, annual inflation remained at 5.2%, unchanged from the levels seen in November.  Core inflation, excluding food and regulated items, fell from 5.4% to 5.2%, driven by lower inflation in services prices, whose inflation remains at 7%.The annual inflation rate has been steadily…
In its policy discussion, the Board considered the following elements: 
In their policy discussion, the Board of Directors took the following factors into account:
Inflation remains on a downward path, falling for eight consecutive months and reaching 10.15% in November. This trend was aided in November by the positive performance of food prices, whose annual inflation stood at 8.25%, falling by more than two percentage points below that recorded in October.…
In August, headline inflation stood at 0.7%, above the 0.5% expected by the technical staff and market analysts. Headline annual inflation came in at 11.4%, decreasing for the fifth consecutive month, and core inflation (excluding food and regulated items) decreased for the second month, reaching…
International reserves amount to USD 62,885 million as of October 24th, 2024. Their recent dynamics is mainly explained by the accumulation program and the favorable returns obtained. This amount, together with the Flexible Credit Line provided by the International Monetary Fund, strengthens…
Act 31/1992 stipulates that the Board of Directors of Banco de la República must define and announce the inflation target. In accordance with this legal mandate, the BDBR is prepared to announce that it has set a target of 3.0% within a range of 2.0% to 4.0%. Inflation has…
The Board of Directors of Banco de la República at today’s meeting decided to increase the benchmark interest rate by 25 bp to 6.25%. 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 increase the benchmark interest rate by 25 bp to 6.0%. 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 increase the benchmark interest rate by 25 bp to 5.75%. 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 increase the benchmark interest rate by 25 bp to 5.50%. For this decision, the Board mainly took into account the following aspects:Annual consumer inflation in October stood at 5.89%, and the average of the four measures…
The Board of Directors of Banco de la República at today’s meeting decided to increase the benchmark interest rate by 25 bp to 4.75%. The Board took into consideration mainly the following aspects:   
The Board of Directors of Banco de la República in today’s meeting decided to maintain the benchmark interest rate at 4.5%. This decision took into account mainly the following aspects:  
The Board of Directors of Banco de la República in today's session decided to maintain the benchmark interest rate at 4.5%. This decision mainly took into account the following aspects:   In June, annual consumer inflation remained relatively stable at 4.42%. The average of the four core…
The Board of Directors of the Central Bank of Colombia at today's session decided to maintain the benchmark interest rate at 4.5%.  In order to reach this decision, the Board mainly considered the following issues:  
In a press release dated March 23, 2023, the DANE (National Administrative Department of Statistics announced that, as of June 2023, the CPI will be released on the fifth business day of each month (formerly published on the fifth calendar day of the month) at 6:00 p.m. (previously published at 6:…
At today’s meeting, the Board of Directors of Banco de la República decided to raise the benchmark interest rate by 25 bp, placing it at 4.5%. The following aspects were taken into consideration by the Board in reaching this decision.   
At today’s meeting, the Board of Directors of Banco de la República decided to raise the benchmark interest rate by 25 bp, placing it at 4.25%. The following aspects were taken into consideration by the Board in reaching this decision.   
The Board of Directors of Banco de la República, at today’s meeting, decided to reduce the benchmark interest rate by 50 bp to 6.5%. For this decision, the Board mainly took into account the following aspects: 
After its November meeting, the Board of Directors of Banco de la República (the Central Bank of Colombia) reiterates that its medium-term inflation target remains at 3.0%, within a range between 2.0% and 4.0%. Also, the Board reports that monetary policy actions taken so far are compatible with…
The BDBR reiterates the 3% inflation target as a policy guideline and objective.Headline and core inflation measures continue to fall within an environment of economic recovery.The BDBR expects inflation to continue decreasing and converge to the 3% target by yearend 2025 (+/- 1%).Reducing…
The increase in inflation is the result of the convergence of multiple phenomena, including historically high external and internal cost shocks and high levels of demand. Added to these, indexation processes to higher inflation rates and exchange rate pressures on prices in a context of…
Consumer inflation was 4.5% at the end of the year. This is the middle of the target range set by the Board of Directors and less than inflation in December 2005 (4.9%), rounding out three consecutive years of compliance with the inflation targets set by the Bank.Lower inflation in 2006 was…
In this decision, the Board took into consideration primarily the following information: