Servicios
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In June 2012 annual inflation stood at 3.2%, down by 20 basis points (bp) from the figure of March, resuming its downtrend after remaining relatively stable in April and May.
From March to June, year-on-year change in the consumer price index (CPI) for food fell from 4.6% to 4.2%, accounting for…
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External demand during the first half of 2013 was somewhat weaker than expected. In the United States, our largest trading partner, the increase in private spending is being offset partly by fiscal consolidation, which has led to a slight decline in the forecast for that country’s growth. The…
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In March 2012, annual inflation was 3.4%. This is 15 basis points (bp) less than the rate recorded in December (Graph A). A decreasing trend in annual inflation started in October, when inflation reached its highest level in 2011 (4.0%).
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In September 2012 annual change in the consumer price index (CPI), core inflation measures, expectations at different horizons and inflation forecast for December stood around the mid-point of the target range (3%).
At the end of the third quarter annual inflation stood at 3.08%, down by 12…
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The information available up to the third quarter of 2013 shows a global economy that is recovering slowly. The United States economy is growing at a moderate pace and the economy in the euro zone, although weak, shows some signs of improvement. Growth is mixed in the large emerging countries in…
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Presentation (Only Available in Spanish)
Infla
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Inflation Developments and Monetary Policy Decisions
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The Board of Directors of Banco de la República reiterates that its inflation target is 3.0%, within a range between 2.0% and 4.0%.
The Board will continue to carefully monitor the behavior of inflation and the forecasts for inflation and economic activity in the country, as well as the…
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At a meeting today, the Board of Directors of the Central Bank of Colombia set the inflation target for 2009 within a range of 4.5% to 5.5%, with the specific target for legal purposes being 5%. It also set the mid-point of the inflation target-range for 2010 at 4% and is confident that…
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At a meeting today, the Board of Directors of Banco de la República set the inflation target range for 2008 at 3.5% to 4.5%, with 4% as the specific target for legal effects. This decision is consistent with the announcement in November 2006.It also decided the midpoint for target inflation in 2009…
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After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the…
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Programa
Lunes 14 de enero
9:00 - 10:30 AM.
Lavan Mahadeva - Bank of England
Tema: Inflation Trageting in the United Kingdom: What does it mean for the Central Bank For
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This paper examines whether central banks in Latin America have implemented conventional inflation targeting (IT) prescriptions, with a focus on foreign exchange intervention and official reserves accumulation policies. To this end, the paper reviews the experiences of Brazil, Chile, Colombia, and…
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Sudden stops seem to create the perfect environment for disinflation, especially when central banks defend the exchange rate by increasing interest rates. We propose a variation of the output gap model that incorporates the sudden stop shock. The use of the model in policy analysis shows that fear…
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The informal sector is an extensive phenomenon in developing countries. While some of its implications have drawn considerable attention in the literature, one relatively unexplored aspect has to do with the saving patterns of workers and firms and how these might influence aggregate savings and…
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Since: 1998 | Until: 2002 | Periodicity: Quarterly
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Since: 2000 | Periodicity: Quarterly
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Since: 2014 | Periodicity: Quarterly
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