On 23 July 2023, Banco de la República (the Central Bank of Colombia) celebrated its 100th anniversary, having been…
Blog BanRep
Blog BanRep: Determinants of Post-Pandemic Inflation Outbreak
The COVID-19 pandemic led inflation in Colombia to fall below the 3.0% target, reaching its lowest level in history of 1.51% in March 2021.…
Blog BanRep: VAT exemption days in Colombia: How did Household Consumption respond?
The value added tax (VAT) exemption days policy has been used in the United States and in the European Union to encourage the consumption of goods…
Blog BanRep: Situation and Outlook of the Colombian Economy
Whenever the monetary authority meets to make interest rate decisions, two key questions need to be answered: Where is the economy at?…
Blog BanRep: Macroeconomic Risks of Modifying the General Participation System
A Constitutional Reform Bill is currently under consideration in the Congress of Colombia that would substantially increase the percentage of the…
Blog BanRep: Central Bank Transparency and the Case of Colombia
Central bank transparency refers to the clear and open communication of key information to the public by monetary policymakers. This includes the…
