Press releases and minutes

Consumer inflation was 4.5% at the end of the year. This is the middle of the target range set by the Board of Directors and less than inflation in December 2005 (4.9%), rounding out three consecutive years of compliance with the inflation targets set by the Bank.Lower inflation in 2006 was…

Banco de la República, pursuant to a decision reached earlier by its Board of Directors, announces it will continue its active and discretional intervention in the exchange market.  The monetary expansion resulting from that intervention is offset by the Bank to keep short-term interest…

Banco de la República purchased US$1,022.9 million in foreign currency on the exchange market in February 2007, through discretional intervention, bringing the total so far this year to US$2,024.5 million.  That same month, it made no final purchases or sales of TES B, and was holding Col$2…

At a meeting today, the Board of Directors approved Banco de la República’s financial statements for 2006.  Pursuant to Law 31/1992, it will transfer Col$1.18 trillion pesos in profits to the national government.  These funds will be turned over in US dollars.

Banco de la República announced it purchased US$ 1,001.6 million in foreign currency on the exchange market in January 2007, through discretional intervention. It reported no final TES B purchases or sales during that month.

1. Important Developments in 2006Mr. José Darío Uribe highlighted three important developments with respect to the Colombian economy during 2006:

The Editorial Board of The Banker, a British magazine belonging to the The Financial Times Group, named José Dario Uribe as the American continent’s “Central Banker of the Year”.   An annual event, this designation was made public in the January issue of The Banker, which began circulating…