Corporate and Institutional

Banco de la República invites children and young people from across the country to participate in Global Money Week (GMW) with economic education activities designed to encourage informed and conscious financial decision-making. Banrep will host various activities aimed at raising awareness…

Banco de la República (the Central Bank of Colombia) summons students of economics to participate in the Central Banking Course which will be held in person in Bogotá with support from the Pontificia Universidad Javeriana, in Cali for students from the southwest region, and online for other…

The EDGE certification is based on high global standards, including international legislation on gender equity and intersectionality. After a rigorous assessment, Banco de la República (the Central Bank of Colombia) obtained this certification, thus becoming the second central bank in Latin…

In 2024, the macroeconomic adjustment process continued, characterized by a sustained reduction in inflation that began in 2023 and a decline in the current account deficit of the balance of payments. This adjustment took place in the context of a contractionary monetary policy, with a gradual…

In its session today, the Board of Directors approved Banco de la República's (the Central Bank of Colombia) financial statements for the 2024 fiscal year. The Auditor General for the Bank and KPMG S.A.S., the external audit firm, issued an unqualified opinion on these statements. Prior to this…

The levels of the monetary policy interest rate (MPR) are periodically set after deliberation processes within the Board of Directors of Banco de la República (the Central Bank of Colombia). These discussions are informed by a detailed assessment of the performance of inflation, inflation…

The monetary policy of Banco de la República (the Central Bank of Colombia) aims to maintain a low and stable inflation rate in coordination with overall economic policy. To achieve this, Banrep follows an inflation targeting framework within a flexible exchange rate regime; in other words,…

Law 2381 of 2024, “Whereby the Comprehensive Social Protection System for Old Age Disability, and Death (Sistema de Protección Social Integral para la Vejez, Invalidez y Muerte, in Spanish) of common origin is established, and other provisions are issued,” creates the Reserve Fund of the…

On Monday, December 23, Leonardo Villar, Governor ofBanco de la República (the Central Bank of Colombia) and Piedad Urdinola, Director of the National Administrative Department of Statistics (DANE in Spanish) formalized an inter-administrative cooperation agreement for the exchange of…

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…

Banco de la República (the Central Bank of Colombia) makes available to the visitors of its website the new Economic Statistics Site, designed to enhance user experience by making it more dynamic,…

Central bank transparency refers to the clear and open communication of key information to the public by monetary policymakers. This includes the dissemination of data, forecasts, and decision-making processes that affect the economy. Transparency reduces the information gap between what…

Central bank transparency refers to the clear and open communication of key information to the public by monetary policymakers. This includes the dissemination of data, forecasts, and decision-making processes that affect the economy. Transparency reduces the information gap between what…

According to the 2024 Opinion Panel by Cifras y Conceptos, Banco de la República continues to rank first among national institutions in terms of trust in Colombia, receiving a score of 80/100.

This document contains: i) the 2023 Management of Banco de la República’s (the Central Bank of Colombia, Banrep) main projects and the distribution of the investment budget with its respective management indicator; and ii) the Action Plan for the year 2024.

For more information, see other…

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

This document contains: i) the 2022 Management of Banco de la República’s (the Central Bank of Colombia, Banrep) main projects and the distribution of the investment budget with its respective management indicator; and ii) the Action Plan for the year 2023.

For more information, see other…

Foreign investors made significant sales of their holdings of local public debt securities during 2023. Specifically, they sold COP 9.1 t in peso-denominated TES and COP 2.4 t in UVR-denominated TES respectively. This represented a 11.7% decrease in their balance in pesos…