Exchange Rate Policy, Foreign Exchange Market and Derivatives

Banco de la República (the Central Bank of Colombia, BanRep) informs that in July 2024 it made outright purchases of TES B in the market for COP 1,891.4 billion (value at market prices). These purchases were made in response to the difference between the projections of supply and demand of the…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in June 2024 it did not make outright sales or purchases of TES B in the market. At the end of June 2024, the outstanding balance of TES held by BanRep was COP 21,948,9 billion (value at market prices).

BanRep’s TES…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in May 2024 it made outright sales of TES B in the market for COP 2,260.1 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the monetary…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in April 2024 it made outright sales of TES B in the market for COP 3,906.5 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the monetary…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in March 2024 it made outright sales of TES B in the market for COP 5,825.9 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the monetary…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in February 2024 it made outright sales of TES B in the market for COP 3,473.2 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in January 2024 it made outright sales of TES B in the market for COP 1,033.5 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in December 2023 it made outright sales of TES B in the market for COP $804.5 b (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the monetary…

Foreign portfolio investments can affect the Colombian exchange market mainly through the demand for hedging that investors make in the foreign exchange derivatives market, and the exchange of dollars for pesos that materializes when investing in public debt…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in November 2023 it made outright sales of TES B in the market for COP 3,431.6 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in October 2023 it made outright sales of TES B in the market for COP 1,763.8 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in September 2023 it did not make outright sales or purchases of TES B in the market.

At the end of September 2023, the outstanding balance of TES held by BanRep was COP 46,088.3 billion (value at market prices…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in July 2023 it made outright purchases of TES B in the market for COP 2,061.1 billion (value at market prices). These purchases were made in response to the difference between the projections of supply and demand of the…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in June 2023 it made outright purchases of TES B in the market for COP 1,711.7 billion (value at market prices). These purchases were made in response to the difference between the projections of supply and demand of the…

We bring together the largest meta-analysis ever conducted in the macroeconomic literature to investigate the effects of central bank credibility on monetary policy. With nearly 1,200 surveyed effects, we first confirm that: (i) conventional policy significantly affects inflation and…

Banco de la República the Central Bank of Colombia, BanRep) informs that in May 2023 it made outright purchases of TES B in the market for COP3,124.1 billion (value at market prices). These purchases were made in response to the difference between the projections of supply and demand of the…

Banco de la República (the Central Bank of Colombia, BanRep) informs that in April 2023 it did not make outright sales or purchases of TES B in the market. 

At the end of April 2023, the outstanding balance of TES held by BanRep was COP 36,082.8 billion (value at market prices).

Banco de la República (the Central Bank of Colombia, BanRep) informs that in March 2023 it made outright sales of TES B in the market for COP1,453.5 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the monetary…