Exchange Rate Policy, Foreign Exchange Market and Derivatives

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.

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 upcoming auction of the program for accumulation of international reserves through put options will take place on the 31st of October, amounting to USD 400 million. The options will be availble between the 1st and 30th of November of 2018.

The Board of Directors of Banco de la República issued the External Resolution 01 of 2018, which summarizes and modifies the foreign exchange regulation.

The Banco de la República (Central Bank of Colombia) offers to the public this document, where all the details concerning the foreign reserve management are explained.

The Colombian Constitution and Law 31 of 1992, Article 14, assign the administration of international reserves to Banco de…

At a meeting today, the Board of Directors of the Central Bank of Colombia left its intervention interest rate unchanged. Consequently, the base repo auction rate will remain at 3%. This decision was taken in light of the following factors: