International reserves amount to USD 62,885 million as of October 24th, 2024. Their recent dynamics is mainly explained by the accumulation program and the favorable returns obtained. This amount, together with the Flexible Credit Line provided by the International Monetary Fund, strengthens…
Monetary Policy
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- Noticias |
- Noticias |Annual inflation in September stood at 5.8%, down from 6.1% in August. Core inflation, excluding food and regulated items, remained stable at around 5.5%, driven mainly by persistent inflation in the services basket.The technical staff has revised its 2024 total inflation projections downward to 5…
- Noticias |
The Board of Directors of Banco de la República unanimously appointed Leonardo Villar-Gómez as Governor for the term beginning on 04 January 2025.
- Noticias |Annual inflation in August was 6.1%, below market expectations. The decline was driven by lower-than-expected prices in the food basket due to strong supply performance as well as in the regulated items basket owing to smaller adjustments in some public service prices.
- Noticias |
As part of its Strategic Plan for 2022-2025 and considering the existence of a robust regulation for credit institutions’ liquidity risk, Banco de la República (the Central Bank of Colombia, BANREP) reduced the reserve requirement for deposits to contribute to the process of financial deepening…
- Noticias |Annual inflation in June remained stable at 7.2%, in line with expectations.
- Noticias |Annual inflation remained unchanged in May at 7.2%, while annual inflation without food or regulated items fell from 6.4% to 6.1%. Annual food inflation exceeded expectations, increasing from 3% to 4.4%.The Bank's monthly survey of economic analyst expectations performed in June found that…
- Noticias |In March, annual headline inflation reached 7.4%, while inflation excluding food and regulated items stood at 6.8%. These figures consolidate the downward trend in price variation observed throughout 2023. The reduction in annual inflation was largely driven by decreases in the goods and food…
- Noticias |
On April 26, 2024, the Executive Board of the International Monetary Fund (IMF) approved a successor two-year arrangement under the Flexible Credit Line (FCL) for 6,133.5 million Special Drawing Rights (SDR) (i.e. 300% of the country’s quota at the Fund), equivalent to about USD 8.1 billion.…
- Noticias |
On March 27, the Executive Board of the International Monetary Fund (IMF) met to finalize the Article IV annual consultation with Colombia. On March 28, the IMF published the staff report discussed at that meeting, as well as a press release summarizing the discussion that took place at the…
- Noticias |Annual headline inflation continued its downward trend during February, standing at 7.7% and exhibiting a cumulative drop of 1.5 percentage points during the first two months of the year.
- Noticias |For December, total headline inflation dropped for the ninth consecutive month and closed at 9.28%, in line with the technical staff’s expectations. Food and beverages spearheaded the decline, falling more sharply than anticipated. Conversely, the services basket defied expectations, continuing to…
- Noticias |Inflation remains on a downward path, falling for eight consecutive months and reaching 10.15% in November. This trend was aided in November by the positive performance of food prices, whose annual inflation stood at 8.25%, falling by more than two percentage points below that recorded in October.…
- Noticias |
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…
- Noticias |
In 2020, Banco de la República's board of directors (BDBR) took a series of steps to ensure liquidity in the economy and in financial markets in response to the risks and adverse effects caused by the COVID-19 pandemic. In an environment of extraordinary tension, these steps included the…
- Noticias |
The board voted 5-2 to raise the benchmark interest rate to 5.0%; two board members voted for a 150-basis point increase.
The decision was based on the following considerations:
- Noticias |
The board voted 5-2 to raise the benchmark interest rate to 4.0%; two board members voted for a 75-basis point increase.
The decision was based on the following considerations:
- Noticias |
The board voted 4-3 to raise the benchmark interest rate by 50 basis points to 3.0%; three board members voted for a 75-basis point increase.
The decision was based on the following considerations:
- Noticias |Act 31/1992 stipulates that the Board of Directors of Banco de la República must define and announce the inflation target. In accordance with this legal mandate, the BDBR is prepared to announce that it has set a target of 3.0% within a range of 2.0% to 4.0%. Inflation has…
- Noticias |
The board voted 5-2 to raise the benchmark interest rate by 50 basis points to 2.5%; the two dissenting board members voted for a 25-basis point increase.
This decision was based on the following considerations:
