Barreto-Ramírez, Ittza Alejandra

In Latin America, inflation remained above central banks’ inflation targets in most economies, and monetary policy decisions were mixed. In Colombia, Banco de la República (the Central Bank of Colombia, BanRep) maintained its monetary policy rate (MPR) at 9.25%, while the Colombian peso (COP)…

Banco de la República (BanRep) and the Securities Market Self-Regulator (AMV, in Spanish) have made progress in establishing a Local Foreign Exchange Committee (LFXC), with the aim of strengthening communication channels and the exchange of information with foreign exchange market participants.

The Government Bond Index - Emerging Markets (GBI-EM), prepared by JP Morgan, is the leading benchmark for global fixed income markets in local currency in emerging economies. Colombia is currently part of the group of 19 issuing countries whose bonds are included in the basket of the index.…

TES Non-Delivery Forward (NDF) is a derivative instrument by which the parties agree to buy or sell Colombian public debt securities denominated in local currency (TES) at a future date, at a price agreed on the contract negotiation date. Generally, these contracts are negotiated between a local…

Global economy proved resilient during the period analyzed, although with some differences among major economies.

The global economy proved resilient during the period analyzed, although signs of a slowdown emerged towards the end of the quarter.

Inflation indicators surpassed expectations, staying above the targets set by most central banks.

Inflation indicators remain above the target of most central banks despite continuing to show a decline in most countries.

Despite significant declines in 2023, inflation indicators remain above the target of most central banks.

Global inflationary pressures remain high, although they continued to exhibit a downward trend in most countries, mainly due to lower supply pressures.

Global inflationary pressures remain high, although showing a downward trend, while economic activity demonstrated greater resilience than expected.

Banco de la República (the Central Bank of Colombia) generates information for decision-making, accountability, and public dissemination purposes. In particular, the Financial Markets Report is framed within the principle of public disclosure and contributes to fulfill the Bank's service of…

Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…

Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…

Throughout the second quarter of 2022 (2Q22), inflationary pressures persisted, exacerbated by the rise of agricultural and energy commodity prices, leading to expectations of a more contractionary global monetary policy. Additionally, financial markets continued to be under pressure due to…

The first quarter of 2022 was characterized by continued global inflationary pressures, which were accentuated by the increase in commodity prices following Russia's invasion of Ukraine. In this context, most central banks continued to withdraw monetary stimulus adopted during the pandemic,…

In 2021, the global economic experienced a faster-than-expected recovery compared to the beginning of the year. This recovery led to increases in commodity prices and, in some cases, disruptions to global supply chains due to growing demand, resulting in increased inflationary pressures globally…