The following comments, published by Banco de la República, were made by the Governor at the Board of Directors meeting held on November 25, 2022. They concern the State Council’s decision on November 24, 2022.
Banco de la República's Board of Directors (BDBR) unanimously decided to raise the monetary policy interest rate by 100 basis points (bp) to 11%. In the discussion on monetary policy, the following elements were considered:
Banco de la Republica´s Board of Directors raised the benchmark interest rate by 100 basis points (bp), bringing it to 10.0%. Six board members voted in favor of this increase and one voted for a 50 bp rise.
La Junta Directiva del Banco de la República le rinde cuentas a la ciudadanía a través del Informe al Congreso, que analiza el cambio sustancial del escenario macroeconómico entre 2020 y 2021, y plantea los retos de la política económica colombiana. Consúltelo aquí.
The Regional Economic Bulletin for Q4-2021 provides information on the evolution of the main variables of economic activity in the regions of the country: Bogotá, center, Caribbean Coast, Eje Cafetero, Northwest, Northeast, Southwest, and Southeast regions. [Only in Spanish. Find it here]