Monetary Policy

sort descending

Accountability, Communication and Transparency

Transparency is fundamental to accountability on the part of independent central banks. Because they have been granted greater independence, the transparency of these institutions is seen as a mechanism that offers society the ability to assess whether a central bank's actions are consistent...

Banco de la República (the Central Bank of Colombia) increases the allotment of repos with private debt instruments.

Banco de la República increased the allotment of liquidity auctions from $17 trillion to $20 trillion as of Tuesday, 17 March 2020. The $3 t increase is destined to expand the allotment for the auction of REPOS backed by private instruments, which will increase from the current $5 t to $8 t....

Banco de la República (The Central Bank of Colombia) injects permanent liquidity to the economy by purchasing public and private debt instruments

In its extraordinary session on 23 March 2020, the Board of Directors of the Central Bank decided to inject permanent liquidity to the economy in order to ensure the proper operation of financial markets.

To do so, the Board decided the following:

Banco de la República (the Central Bank of Colombia) will roll over Forward Contracts maturing in October

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.

 

 

Banco de la República (the Central Bank of Colombia) will roll over Forward Contracts maturing in September

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).

Banco de la República expands support to liquidity of the economy in pesos and US dollars

The Board of Directors of Banco de la República (BDBR), in its session today, adopted measures that reinforce those taken in previous days to ensure liquidity of the economy both in US dollars and in pesos.

Banco de la República Includes Solidarity Bonds in its Liquidity Operations

Banco de la República (the Central Bank of Colombia) hereby informs that as of today (16 April 2020) solidarity bonds will be included as eligible instruments in its liquidity operations (repo, definitive purchases, and the lender of last resort facility).

The list of agents, eligible...

Banco de la República increases International Reserves through the Direct Purchase of USD 2,000 Million to the National Government

With the aim of increasing international reserves, and taking into account the monetization of US dollars foreseen by the National Government, the Central Bank of Colombia bought USD 2,000 million through the General Directorate of Public Credit and National Treasury of the Ministry of Finance...

Banco de la República injects permanent liquidity to the economy by reducing reserve requirements and reinforces intervention in the public debt market

In its extraordinary session today, the Board of Directors of Banco de la República (the Central Bank of Colombia) decided to inject permanent liquidity to the economy by reducing reserve requirements as follows:

Banco de la República maintains the benchmark interest rate at 4.25%

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:

Banco de la República maintains the benchmark interest rate at 4.25%

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:

Banco de la República reinforces Liquidity Supply

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...

Banco de la República Reinforces Liquidity Supply and Supports Credit Supply

With the purpose of reinforcing the adequate supply of liquidity to the economy and supporting the credit supply required by firms and households, the Board of Directors, at its meeting today, authorized the Central Bank to carry out repo operations collateralized with bank credit claims for up...

Banco de la República reinforces measures to ensure liquidity in the economy in pesos and US dollars

The Board of Directors of Banco de la República, in an extraordinary session today with guest attendance of the Financial Superintendent, adopted measures to reinforce those taken in previous days to ensure liquidity in the economy in both pesos and US dollars and in financial markets in order...

Banco de la República transforms its Communication Scheme for Monetary Policy Decisions

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...

Banco de la República unanimously maintains the benchmark interest rate at 4.25%

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

Banco de la República unanimously maintains the benchmark interest rate at 4.25%

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

Banco de la República will renew the Maturities of NDF in August

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. 

Banco de la República will roll over NDFs maturing in June

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).

Decision-Making Process and Communication

Banco de la República establishes the benchmark interest rate based on an analysis of the current state of the economy, its outlook, and developments in the inflation forecast with respect to the target.  If this assessment indicates there are risks of inflation persistently being...

Pages