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The Board of Directors of Banco de la República in today’s meeting decided to maintain the benchmark interest rate at 4.5%. This decision took into account mainly the following aspects:
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The Board of Directors of Banco de la República in today's session decided to maintain the benchmark interest rate at 4.5%. This decision mainly took into account the following aspects:
In June, annual consumer inflation remained relatively stable at 4.42%. The average of the four core…
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The Board of Directors of the Central Bank of Colombia at today's session decided to maintain the benchmark interest rate at 4.5%. In order to reach this decision, the Board mainly considered the following issues:
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In a press release dated March 23, 2023, the DANE (National Administrative Department of Statistics announced that, as of June 2023, the CPI will be released on the fifth business day of each month (formerly published on the fifth calendar day of the month) at 6:00 p.m. (previously published at 6:…
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At today’s meeting, the Board of Directors of Banco de la República decided to raise the benchmark interest rate by 25 bp, placing it at 4.25%. The following aspects were taken into consideration by the Board in reaching this decision.
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At today’s meeting, the Board of Directors of Banco de la República decided to raise the benchmark interest rate by 25 bp, placing it at 4.5%. The following aspects were taken into consideration by the Board in reaching this decision.
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The Board of Directors of Banco de la República, at today’s meeting, decided to reduce the benchmark interest rate by 50 bp to 6.5%. For this decision, the Board mainly took into account the following aspects:
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After its November meeting, the Board of Directors of Banco de la República (the Central Bank of Colombia) reiterates that its medium-term inflation target remains at 3.0%, within a range between 2.0% and 4.0%.
Also, the Board reports that monetary policy actions taken so far are compatible with…
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The BDBR reiterates the 3% inflation target as a policy guideline and objective.Headline and core inflation measures continue to fall within an environment of economic recovery.The BDBR expects inflation to continue decreasing and converge to the 3% target by yearend 2025 (+/- 1%).Reducing…
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The increase in inflation is the result of the convergence of multiple phenomena, including historically high external and internal cost shocks and high levels of demand. Added to these, indexation processes to higher inflation rates and exchange rate pressures on prices in a context of…
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Consumer inflation was 4.5% at the end of the year. This is the middle of the target range set by the Board of Directors and less than inflation in December 2005 (4.9%), rounding out three consecutive years of compliance with the inflation targets set by the Bank.Lower inflation in 2006 was…
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In this decision, the Board took into consideration primarily the following information:
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For this decision, the Board mainly took into account the following information:
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Annual inflation in May continued to decrease, primarily driven by the fall in food inflation, despite the rises in inflation rates for regulated items and services (excluding foods and regulated items). Headline (12.4%) and core (10.5%) inflation are still significantly distant from the…
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Annual inflation remained unchanged in May at 7.2%, while annual inflation without food or regulated items fell from 6.4% to 6.1%. Annual food inflation exceeded expectations, increasing from 3% to 4.4%.The Bank's monthly survey of economic analyst expectations performed in June found that…
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Annual inflation in June stood at 12.1%, one percentage point below that recorded in December 2020. Accordingly, progress continues to be made in controlling inflation, which is reflected in improving expectations.
Despite the above, headline inflation remains high relative to the…
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In their policy discussion, the Board of Directors took the following factors into account:
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At today’s session, the Board of Directors of the Banco de la Republica confirmed their commitment to the long term inflation target of 3% and reiterated that the actions taken by monetary policy will continue to be directed towards making inflation converge with said value. Thus, an…
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The Board of Directors has modified the format for the minutes and broadened their content in order to make their view of the economy and monetary policy posture more transparent. The Board is convinced that the Institution’s transparency facilitates and contributes to reinforcing public…
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Annual inflation in June stood at 12.1%, one percentage point below that recorded in December 2022. The decrease in inflation has slowed the pace of inflation expectations. The survey of economic analysts for July showed that, according to the sample median, inflation expectations for the 12- and…
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At a meeting today, the Board of Directors of the Central Bank of Colombia appointed Mr. José Darío Uribe Escobar as Governor of the institution for a four-year term beginning on January 4, 2009.Mr. Uribe has been the Governor of the Central Bank of Colombia since 2005. He holds a degree in…
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The Board of Directors of the Central Bank of Colombia maintains the Benchmark Interest Rate at 4.5%The Board of Directors of the Central Bank of Colombia in today's session decided to maintain the benchmark interest rate at 4.5%. This decision mainly took into account the following aspects:
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The Board of Directors of the Central Bank of Colombia maintains the Benchmark Interest Rate at 4.5%The Board of Directors of the Central Bank of Colombia in today's session decided to maintain the benchmark interest rate at 4.5%. This decision mainly took into account the following aspects:
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