Política monetaria y cambiaria

The ordinary meeting of the Board of Directors of Banco de la República took place on 31 January 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 Gerardo…

In this decision, the Board took into consideration primarily the following information:

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Friday, 20 December 2019. In attendance were Alberto Carrasquilla Barrera, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

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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…

A regular meeting of the Board of Directors of Banco de la República took place in Bogotá D.C. on Thursday, October 31, 2019. In attendance were Alberto Carrasquilla Barrera, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members Gerardo…

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At its meeting on 30 August 2019, the Board of Directors of Banco de la República (the Central Bank of Colombia) adopted a new communication scheme for monetary policy decisions. The purpose of these changes is to facilitate the understanding of the decisions by the markets and the general…

For this decision, the Board mainly took into account the following information: 

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Friday, July 26, 2019. In attendance were Alberto Carrasquilla Barrera, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

For this decision, the Board mainly took into account the following information:

Starting June 2019, the information disclosed after each session of the Board of Directors of the Central Bank in which decisions are taken on the benchmark interest rate will be modified. This change is intended to improve the information related to the monetary policy decision-making process…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on Friday, 21 June 2019. In attendance were Alberto Carrasquilla Barrera, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members Gerardo…

This image does not match the final design of the commemorative coin of the bicentenary of Colombian independence. It is an approximation, and the final artwork may undergo variations in the coming days. In order to use or reproduce this image, you must consider that it is not the final design…

The Board of Directors mainly took into consideration the following information:

In the last year (to April 2019), government deposits at the Central Bank of Colombia have increased by COP $7.6 trillion. This movement generates a monetary contraction. It is the Central Bank's role to provide the liquidity required by the economy in the terms and conditions it deems…

The Board of Directors of Banco de la República decided in its meeting today to suspend the program of accumulation of international reserves started in September 2018 in order to assess the impact of this program on the behavior of the foreign exchange market given the current environment.

At its meeting today, the Board of Directors of the Central Bank decided to continue with its program for the accumulation of international reserves.

The upcoming auction of the program for the accumulation of international reserves through PUT  options will be held on 30 April 2019,…

The Board of Directors of Banco de la República, in its meeting today, unanimously decided to maintain the benchmark interest rate at 4.25%

The Board took into consideration the following information:

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