Press releases and minutes

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…

During the previous month, adverse financial conditions worsened, brought on by global and idiosyncratic factors. These conditions caused —among other effects— a higher monthly depreciation than that of other emerging economies. 

Six Board Members voted in favor of this decision and one member voted for a 50-bp increase.

In its policy discussion, the Board considered the following elements:

Six board members voted in favor of this decision and one voted for a 100 basis point increase.

The decision was based on the following considerations:

The decision to raise the benchmark interest rate to 7.5% was unanimous, and was based on the following considerations:  

The decision was based on the following considerations:

On April 29, 2022, the Executive Board of the International Monetary Fund (IMF) approved a successor two-year arrangement under the Flexible Credit Line (FCL) for 7,155.7 million Special Drawing Rights (SDR) (i.e., 350% of the country’s quota at the Fund), equivalent to about…

On March 25, the Executive Board of the International Monetary Fund (IMF) met to finalize the Article IV annual consultation with Colombia and published the staff report discussed at that meeting, as well as a press release illustrating the discussion held at the IMF board and the statement made…

At the meeting held today between the Minister of the Treasury and Public Credit, the  Governor of Banco de la República, the Financial Superintendent, and the director of the Financial Institutions Guarantee Fund - (Fogafín in Spanish) along with the director of the Financial Regulatory…

Washington, DC: Among the fastest recoveries in the region, Colombia’s economy rebounded strongly, driven by private consumption, in 2021. With progress on vaccinations and continued reopening of the economy, strong growth momentum is expected to continue in the near term,…

A meeting between the Minister of the Treasury and Public Credit, the Governor of Banco de la República, the Financial Superintendent, the Director of the Financial Institution Guarantee Fund – Fogafín, and the Director of the Financial Regulation Unit – (URF in Spanish) was held on the morning…

El pasado jueves 20 de mayo de 2021, Leonardo Villar, gerente general del Banco de la República, fue nombrado presidente de la Junta de Gobierno del Centro de Estudios Monetarios Latinoamericanos (CEMLA) para el periodo 2021-2023. Este es el segundo periodo consecutivo en el que el…

Our corporate portal www.banrep.gov.co will be undergoing scheduled maintenance starting at 7:30 p.m. on Friday, May 7. As a result, the services on the website will be intermittent, possibly presenting errors in the queries made throughout the night.…

The Executive Board of the International Monetary Fund (IMF) concluded on April 28, 2021 its review of Colombia’s qualification for the arrangement under the Flexible Credit Line (FCL) and reaffirmed Colombia’s continued qualification to access FCL resources.

The Bank for International Settlements (BIS) recently published a report on capital flows, exchange rates, and monetary policy frameworks in Latin American and other economies. The report explores the main drivers of swings in exchange rates and capital flows in recent years, the transmission…

In today’s remote meeting, the Committee for the Coordination and Surveillance of the Financial System, comprised of the Minister of Finance and Public Credit, the Governor of Banco de la República, the Financial Superintendent, and the Director of FOGAFIN (Colombian agency that provides deposit…

The Board of Directors of Banco de la República, at its meeting today approved the financial statements of the institution for 2020. Both the Auditor General to the Bank and the external auditing firm KPMG S.A.S. issued an unqualified opinion on them. Additionally, the Office of the Financial…

"Returning to this entity is one of the things that I find very exciting," said the new Governor, who was a member of the Board of Directors from 1997 to 2009.

This Monday, January 4, Leonardo Villar Gómez took office as the new Governor of Banco de la República. Upon taking office, the…

As delegated by the Board of Directors of  Banco de la República, the Monetary and Exchange Intervention Committee  decided today, in its ordinary session, that  Banco de la República will rollover its U.S. dollar non-delivery forward contracts in January 2021, through auctions…