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Banco de la República is the central bank of Colombia The aim of the Banco de la República’s monetary policy is the achievement of coherent inflation rates with the constitutional mandate of guaranteeing price stability in coordination with a general macroeconomic policy that motivates product and employment growth.


Banco de la República Board of Director’s meetings
Bogotá, June 30 /2009 (04:05 p.m.)


The dates of the Board of Director Meetings have been updated.

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The Central Bank of Colombia Lowers its Intervention Interest Rate by 50 Basis Points
Bogotá, June 19 /2009


At a meeting today, the Board of Directors of the Central Bank of Colombia cut the Bank’s intervention interest rate by 50 basis points. This reduction places the repo auction rate at 4.5%.

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Working Papers No. 567
Bogotá, June 17 /2009 (11:52 a.m.)


"The Competing Risks of Acquiring and Being Acquired: Evidence from Colombia´s Financial Sector" by Andrés Felipe García-Suaza y José E. Gómez-González.

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Minutes
Bogotá, June 12/2009


Minutes of the Board of Directors meeting on May 29 of 2009.

Minute


Working Papers No. 564
Bogotá, May 11 /2009 (11:05 a.m.)


"Purchasing Power Parity and Breaking Trend Functions in the Real Exchange Rate" by Jair Ojeda Joya.

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Working Papers No. 562
Bogotá, May 6 /2009 (4:57 p.m.)


"Does the Use of Foreign Currency Derivatives Affect Colombian Firms’ Market Value?" by José Eduardo Gómez-González, Carlos Eduardo León Rincón y Karen Juliet Leiton Rodríguez.

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Working Papers No. 560
Bogotá, April 27 / 2009 (4:48 p.m.)


"Estimation of Conditional Time-Homogeneous Credit Quality Transition Matrices for Commercial Banks in Colombia" by José Eduardo Gómez-González and Inés Paola Orozco Hinojosa.

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Working Papers No. 559
Bogotá, April 23 / 2009 (9:33 a.m.)


"Monetary Policy Forecasting in a DSGE Model with Data that is Uncertain, Unbalanced and About the Future" by Andrés González Gómez, Lavan Mahadeva, Diego Rodríguez G. and Luis Eduardo Rojas.

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Working Papers No. 558
Bogotá, April 17 / 2009 (4:50 p.m.)


"Assessing Inflationary Pressures in Colombia" by Hernando Vargas, Andrés González, Eliana González, José Vicente Romero and Luis Eduardo Rojas.

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Working Papers No. 557
Bogotá, April 6 / 2009 (10:22 a.m.)


"The international cycle and Colombian monetary policy" by Lavan Mahadeva and Javier Gómez Pineda
.

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Working Papers No. 552
Bogotá, March 3/2009


Assessing the Macroeconomic Effects of Fiscal Policy in Colombia

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Working Papers No. 549
Bogotá, February 9/2009


A Dynamic Factor Model for the Colombian Inflation

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Presentation
Colombia's Challenging Year
Mexico, January 2009


Presentation of Juan Mario Laserna Jaramillo, Co-Director of Banco de la República
during the "Banco Santander 13th Conference, 2009

Presentation

Presentation
Colombia’s Passage Trough the Current World Crisis
Paris, France, January 2009


Presentation of José Darío Uribe, Governor of Banco de la República
during the International Economic Forum Latin America and the Caribbean, 2009

Presentation

Working Papers No. 546
Bogotá, January 15/2008


Principal-Agent Problem with Minimum Performance Insurance: The Case of Mandatory Individual Pension Accounts

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Inflation target set at 5% for 2009 and no change in the intervention interest rate
Bogotá, November 21/2008


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 inflation in 2011 will be within the long-term target-range (3% +/- 1 percentage point).

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Gold Museum: The eternal gold is back
Bogotá, November 2/2008



.

The Banco de la República Gold Museum is opening a new permanent exhibition and reopening a renovated, larger building.

The Banco de la República Gold Museum is a symbol of the cultural heritage and memory of all Colombians. It preserves, researches, disseminates and exhibits one of the most important collections of pre-Hispanic metalwork in the world
Press Releasses

Papers and presentations of the Central Bank Workshop on Macroeconomic Modelling 2008
Bogotá, October 29/2008


Cartagena de Indias, October 9th-10th, 2008.

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The Board of Directors of the Central Bank of Colombia Appoints Mr. José Darío Uribe as Governor for the Term Starting on January 4, 2009
Bogotá, October 24/2008


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.

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Presentation
"Monetary Policy in Colombia: Is Inflation Targeting The Appropriate Strategy In The Current Crisis?"
Washington D. C., October 11/2008


By Leonardo Villar Gómez in the J.P.MORGAN Investor Seminar at the time of the IMF/World Bank Annual Meetings 2008.

Paper

Speech of Governor Uribe at The Florida International Banker´s Association
Miami,Florida, October 7/2008


“The Colombian Economy and Monetary Policy”

Paper

Presentation


José Darío Uribe, Governor of Banco de la República,
presented on April 18th at the Banco de España in Madrid "The resilience of Latin America to the current financial crisis Bretton Woods II Under stress?"

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Inflation and target
Update June 8/2009

Basic Inflation Indicators
Update June 8/2009
GDP growth
Update June 26/2009
 

 

Exposición Andy Warhol, Mr. America en la BLAA

Last updated: .................................................................. .... Colombian legal hour

Indicators - 02/07/2009

Inflation    
  Inflation Target 2009
4.5%-5.5%
  Annual Inflation
May
4.77
  Real Value Unit (RVU) 02/07/2009
186.8928
Interest rates - 02/07/2009
   
  Intervention Rate
4.5%
 
  Interbank Rate
4.51
  Deposits to Fixed Terms (DTF) Rate
5.40
  IBR    
  IBR Overnight
02/07/2009
4.372
  IBR 1 Month
30/06/2009
4.395
  Market Exchange Rate - 02/07/2009    
  Exchange Rate -
02/07/2009
2,111.71
  Nominal Depreciation – Last 12 months
10.25
Economic calendar
Report presented by the Board of Directors to the Congress of Colombia
Inflation Report
Financial Stability Report

Working Papers

Revista Ensayos Sobre Política Económica
 
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