Monetary Policy

Banco de la República increased the allotment of liquidity auctions from $17 trillion to $20 trillion as of Tuesday, 17 March 2020. The $3 t increase is destined to expand the allotment for the auction of REPOS backed by private instruments, which will increase from the current $5 t to $8 t.…

In this decision, the Board took into consideration primarily the following information:

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After its November meeting, the Board of Directors of Banco de la República (the Central Bank of Colombia) reiterates that its medium-term inflation target remains at 3.0%, within a range between 2.0% and 4.0%.

Also, the Board reports that monetary…

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At its meeting on 30 August 2019, the Board of Directors of Banco de la República (the Central Bank of Colombia) adopted a new communication scheme for monetary policy decisions. The purpose of these changes is to facilitate the understanding of the decisions by the markets and the general…

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

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

The Board of Directors mainly took into consideration the following information:

In the last year (to April 2019), government deposits at the Central Bank of Colombia have increased by COP $7.6 trillion. This movement generates a monetary contraction. It is the Central Bank's role to provide the liquidity required by the economy in the terms and conditions it deems…

The Board of Directors of Banco de la República decided in its meeting today to suspend the program of accumulation of international reserves started in September 2018 in order to assess the impact of this program on the behavior of the foreign exchange market given the current environment.

At its meeting today, the Board of Directors of the Central Bank decided to continue with its program for the accumulation of international reserves.

The upcoming auction of the program for the accumulation of international reserves through PUT  options will be held on 30 April 2019,…

The Board of Directors of Banco de la República, in its meeting today, unanimously decided to maintain the benchmark interest rate at 4.25%

The Board took into consideration the following information:

The Board of Directors of Banco de la República, in its meeting today, unanimously decided to maintain the benchmark interest rate at 4.25%. For this decision, the Board mainly took into account the following aspects:

The upcoming auction of the program for the accumulation of international reserves through PUT options will be held on 1 April 2019, in the amount of USD 400 million. 

The options will be in force between 2 and 30 April 2019.

Management of the resources of the Nation's Treasury commonly involves changes in its deposits at the Central Bank. Increases in these deposits drain liquidity from the economy.

At its meeting today, the Board of Directors of the Central Bank decided to continue with its program for the accumulation of international reserves through PUT options. The upcoming auction will be held on 28 February, in the amount of USD 400 million. The options will be in force between 1…

The Board of Directors of Banco de la República strengthens its program for the accumulation of international reserves through the direct purchase of USD 1,000 million to the National Government

Continuing with the program…

The Board of Directors of Banco de la República, in its meeting today, decided to maintain the benchmark interest rate at 4.25% For this decision, the Board mainly took into account the following aspects:

Banco de la República de Colombia informs that:

The upcoming auction of the program of accumulation of international reserves through PUT options will take place on 28 December 2018, in the amount of USD 400 million.  The options will be in force…