Monetary Policy
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- Noticias |Annual inflation resumed its downward trend, decreasing from 5.3% in February to 5.1% in March. Core inflation, excluding food and regulated items, also declined, from 4.9% to 4.8%. Inflation expectations derived from public debt markets fell, while those obtained from surveys remained stable…
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Inflation continues to decline, although it is still above the 3% target. Monetary policy measures and correcting factors that pushed prices up are helping inflation to continue approaching the target. Economic activity is recovering to a sustainable level, unemployment has decreased, and the…
- 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.
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During the second quarter, headline inflation remained stable, while core inflation (the measure of inflation that excludes temporary movements in the prices of food and regulated items) continued to decline. The aggregate effects of monetary policy, together with low exchange rate pressures,…
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Inflation continues to fall, but it is above the 3% target, and it is projected to continue falling until it reaches it in 2025. Economic growth is low, but it would recover, and by 2025, economic activity would reach a path that can be sustained over time without causing unwanted changes in…
- Noticias |Annual headline inflation continued its downward trend during February, standing at 7.7% and exhibiting a cumulative drop of 1.5 percentage points (pp) during the first two months of the year. Likewise, annual inflation, excluding food and regulated items, had a 1.2 pp drop which, coupled with a…
- Noticias |By December, annual inflation had dropped for the ninth consecutive month and closed the year at 9.28%, in line with the technical staff’s December projection. Food and goods (excluding food and regulated items) fronted the inflationary decline, standing at 5% and 7.1% by yearend, respectively.…
- Noticias |Inflation remains on a downward path, falling for eight consecutive months and reaching 10.15% in November. The decrease in the annual food inflation from 10.36% in October to 8.25% in November substantially contributed to moderating headline inflation. In particular, the significant drop in annual…
- Noticias |Annual inflation in June stood at 12.1%, one percentage point below that recorded in December 2020. Accordingly, progress continues to be made in controlling inflation, which is reflected in improving expectations. Despite the above, headline inflation remains high relative to the target, and…
- Noticias |Annual consumer price inflation decreased in May for the second consecutive month to 12.4%, fronted by a reduction in the annual food price inflation rate from 27.8% in December 2022 to 15.7% in May 2023. In contrast, increases were observed in the inflation of regulated items resulting from…
- Noticias |Annual inflation in May continued to decrease, primarily driven by the fall in food inflation, despite the rises in inflation rates for regulated items and services (excluding foods and regulated items). Headline (12.4%) and core (10.5%) inflation are still significantly distant from the…
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In its policy discussion, the Board considered the following elements:
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Inflation would peak in March and start to gradually decline as of the second quarter of 2023, bringing inflation back to the 3% target over the next two years.
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In its policy discussion, the Board considered the following elements:
- Noticias |The Board of Directors of Banco de la República unanimously decided to raise the monetary policy interest rate 25 basis points (bp) to 13%.
In their policy discussion, the Board of Directors took the following factors into account:
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In its policy discussion, the Board considered the following elements:
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Five Board Members voted in favor of this decision, and two voted for a 25 bp increase. In their policy discussion, the Board of Directors considered the following elements:
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- Noticias |
In their policy discussion, the Board of Directors took the following factors into account:
- Noticias |
Four Board Members voted in favor of this decision. One Bord Member voted for an increase of 125 bp, and another voted for an increase of 25 bp.In their policy discussion, the Board of Directors considered the following elements:
