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From Tuesday, 3 November 2020 onwards, the official time for publication of the Minutes of the meetings of the Board of Directors will be 5:00 pm on the first working day following the Board's meeting, instead of the previously established time (1:00 pm).
The purpose of this change…
Banco de la República (the Central Bank of Colombia) will roll over forward contracts maturing in November.
At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over non-delivery forward contracts for the sale of US dollars through auctions held on the…
At its meeting on 25 September, the Board of Directors of Banco de la República (the Central Bank of Colombia) assessed the latest figures available on the domestic and global economic activity. The monetary policy discussion focused on the following aspects.
For this decision, the Board mainly took into account the following elements:
At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over the non-delivery forward contracts for the sale of US dollars through auctions held on the dates of maturing contracts until 30 October 2020.
The Executive Board of the International Monetary Fund (IMF) approved today a request by the Colombian authorities to increase access under its current Flexible Credit Line (FCL) arrangement to 600% of Colombia’s quota, equivalent to USD 17.2 billion. The two-year arrangement remains in…
At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over non-delivery forward contracts for the sale of US dollars through auctions held on the dates of maturing contracts until 25 September (i.e., the date of the Board's meeting in September).
The Board of Directors of the Central Bank of Colombia (BDBR) unanimously reduced the benchmark interest rate by a quarter percentage point to 2.0%. For this decision, the Board mainly took into account the following elements:
At its meeting on 31 July, the Board of Directors of the Central Bank (BDBR) assessed the latest figures available on the national and global economic activity. Outlined below are the main elements of the monetary policy discussion.
The Board considers that the economic activity…
At its meeting today, the Board of Directors of Banco de la República (BDBR) decided to roll over Non-Delivery Forwards maturing in August through auctions to be held on maturity days.
The Board of Directors of Banco de la República (BDBR) unanimously decided to lower the Benchmark Interest Rate by one fourth of a Percentage Point to 2.25%. This decision took the following elements into consideration:
The Board of Directors considered that the recent information on economic activity and the revisions to the forecasts made by several agents suggest that the contraction of economic activity for 2020 will be greater than anticipated at the beginning of the…
With the purpose of reinforcing the adequate supply of liquidity to the economy and support the credit supply required by corporations and households, at its meeting today, the Board of Directors of the Central Bank of Colombia (BDBR) decided to maintain the REPO collateralized with bank credit…
The Board of Directors of Banco de la República (BDBR), by majority, reduced the Benchmark Interest Rate by half a Percentage Point to 2.50%. In this way, it continues with the countercyclical monetary policy stance.
This decision took the following elements into consideration:
The ordinary meeting of the Board of Directors of Banco de la República took place on 29 May 2020 in Bogotá D.C. In attendance were the Minister of Finance and Public Credit, Alberto Carrasquilla Barrera; the Governor of the Central Bank, Juan José Echavarría Soto; and Board Members Arturo José…
The Board of Directors of the Central Bank of Colombia (BDBR), by majority, reduced the benchmark interest rate by half a percentage point to 2.75%. In this way, it continues with the countercyclical monetary policy stance.
This decision took the following elements into consideration:
Banco de la República will roll over foreign-exchange hedging (NDF) with maturities in June through auctions. Also, it will continue to auction the non-allotted amount for authorized operations (NDF and Swaps).
Banco de la República (the Central Bank of Colombia, BR) hereby informs that on 14 May 2020 it exchanged public debt instruments with the national government for COP $1,766 billion (nominal value) at market prices.
In this operation, BR delivered TES with maturities up to 2021, and…
At its meeting in November 2017, the Board of Directors of Banco de la República (BDBR) adopted a new scheme for monetary policy decisions, according to which, ordinarily, no monetary policy decisions would be made in the months of February, May, August, and November each year.
