Monetary Policy

The board voted 4-3 to raise the benchmark interest rate by 25 basis points to 2.0%; the three dissenting board members voted for a 50-basis point increase.

This decision was based on the following considerations:

On August 2, 2021, the Board of Governors of the International Monetary Fund (IMF) approved a general allocation of Special Drawing Rights (SDR) for SDR 456 billion (equivalent to USD 650 billion).  This allocation strengthens the international liquidity of the Fund’s 190…

Banco de la República's board of directors (BDBR) in its meeting on July 30 voted by majority to hold the benchmark interest rate at 1.75%. The decision was based on the following considerations:

Banco de la República's board of directors (BDBR) in its meeting on June 28 voted unanimously to hold the benchmark interest rate at 1.75%. The decision was based on the following considerations:

Banco de la República's board of directors (BDBR) in its meeting on April 30 voted 6-1 to hold the benchmark interest rate at 1.75%. This majority decision was based on the following considerations:

Banco de la República's board of directors (BDBR) in its meeting on March 26 held the benchmark interest rate at 1.75%. The unanimous decision to maintain an expansive monetary policy position takes into account the following considerations:

Banco de la República’s board of directors (BDBR) in its meeting on January 29 held the benchmark interest rate at 1.75%. The decision was based on the following considerations:

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 the Central Bank will rollover its U.S. dollar non-delivery forward contracts in February 2021, through auctions held on the maturity…

Banco de la República’s board of directors (BDBR) in 2021 will resume its regular practice of considering changes to the benchmark interest rate in only eight of its 12 ordinary annual meetings. The BDBR will continue to take up remaining issues within its purview in each of its meetings.

Banco de la República’s board of directors decided on December 18 to hold the benchmark interest rate at 1.75%. The decision was based on the following considerations:

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…

The Board of Directors is keeping the inflation target (annual change in the CPI) at 3% within a range between 2% and 4%.

The Board of Directors will continue careful monitoring of inflation trends, economic activity, the forecasts for these variables, and the international situation and…

During today’s meeting, the Board of Directors of the Banco de la Republica unanimously decided to hold the policy rate at 1.75%. This decision was made on the basis of the following considerations:

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 December 2020, through auctions…

The Board of Directors of Banco de la República, at today’s meeting, unanimously decided to maintain the benchmark interest rate at 1.75%. For this decision, the Board mainly took into account the following elements:

Banco de la República (the Central Bank of Colombia) will roll over forward contracts maturing in November.

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…

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.

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

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).

The Board of Directors of the Central Bank of Colombia (BDBR) unanimously reduced the benchmark interest rate by a quarter percentage point to 2.0%. For this decision, the Board mainly took into account the following elements: