This macroeconomic context requires consolidating a contractionary monetary policy stance that aims to meet the inflation target within the forecast horizon and bring the economy's output to levels closer to its potential.
The Board of Directors of Banco de la República (BDBR), by a majority vote, decided to raise the monetary policy interest rate 100 basis points (bp) to 12.0%.
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.
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]