Press releases and minutes

At a meeting today, the Board of Directors of the Central Bank of Colombia set the inflation target for 2009 within a range of 4.5% to 5.5%, with the specific target for legal purposes being 5%.  It also set the mid-point of the inflation target-range for 2010 at 4% and is confident that…

At a meeting today, the Board of Directors of the Central Bank of Colombia appointed Mr. José Darío Uribe Escobar as Governor of the institution for a four-year term beginning on January 4, 2009.Mr. Uribe has been the Governor of the Central Bank of Colombia since 2005. He holds a degree in…

At a meeting today, the Board of the Directors of the Central Bank of Colombia voted, by a majority, to hold its intervention interest rate steady. Consequently, the base rate for repo auctions will remain at 10%.

At a meeting today, the Board of Directors of Banco de la República agreed, by majority vote, to leave its intervention interest rate unchanged. Consequently, the repo auction base rate will remain at 10%. Annual consumer inflation was 7.87% by August, which is 35 bp more than the month…

At a meeting today, the Board of Directors of the Central Bank of Colombia unanimously decided to make no change in its intervention interest rate. Accordingly, the repo auction base rate will remain at 10%.Annual inflation in July was 7.52%, which is 34 bp above the rate in June. The build-up…

At a meeting today, the Board of Directors of Banco de la República decided, by a majority vote, to raise the intervention interest rate by 25 bp.  This will increase the base rate for repo auctions from 9.75% to 10%.Annual inflation in June was 7.18%, which is 79 bp above the rate in May.…

At a meeting today, the Board of Directors of Banco de la República decided unanimously to leave its intervention interest rate at 9.75%.Annual inflation was 6.39% in May. This is 66 basis points more than annual inflation in April. The increase was due primarily to the rise in unprocessed food…

In a meeting today, the Board of Directors of Banco de la República decided to leave its benchmark interest rate at 9.75%.Annual inflation in March was 5.93%. This is 42 bp less than in April, essentially because of lower food prices. However, inflation in regulated prices increased, as did…

At a meeting today, the Board of Directors of Banco de la República agreed to leave its benchmark interest rate at 9.75%.Inflation in February (1.5%) went beyond the Bank’s forecasts and the market’s expectations, primarily due to higher food prices. The figures on hand confirm the monetary…

At a meeting today, the Board of Directors of Banco del Banco de la República decided, by a majority vote, to raise its benchmark interest rates by 25 basis points. Consequently, the base rate for repo auctions will go from 9.5% to 9.75%.

At a meeting today, the Board of Directors approved the Banco la República’s financial statements for 2007.    Pursuant to Law 31/1992, the Bank will transfer Col$1.4 trillion pesos in profits to the national government.Most of the profits came from the return on international reserves…

The Board of Directors of Banco de la República decided unanimously to leave its benchmark interest rate at 9.50%.The Board emphasized the difficult situation in the international environment and the uncertainty surrounding forecasts for growth in the United States and the world economy. Less…

At a meeting today, the Board of Directors of Banco de la República decided to leave its benchmark interest rate at 9.50%. Annual inflation went from 5.16% in October to 5.41% in November, primarily due to food prices.  Added to this were the increases in regulated prices and those for…

At a meeting today, the Board of Directors of Banco de la República set the inflation target range for 2008 at 3.5% to 4.5%, with 4% as the specific target for legal effects. This decision is consistent with the announcement in November 2006.It also decided the midpoint for target inflation in…

Banco de la República reported that US$360m in put options were exercised during May 2007 to control volatility.  That same month, the Bank exercised no discretional intervention in the exchange market and made no final TES B purchases or sales. The Bank was holding $ 1.5 trillion pesos in…

Inflation