OLD Prices, inflation and monetary policy

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Friday, July 27, 2018. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Friday, June 29, 2018. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

The Board of Directors of Banco de la República, in its meeting today, decided to maintain the benchmark interest rate at 4.25%. For this decision, the Board mainly took into account the following aspects:

OBJECTIVESMonetary policy in Colombia is based on inflation targeting, which is intended primarily to keep inflation low and to ensure stable growth in output near its long-term trend. Accordingly, the objectives of monetary policy combine the goal of price stability with…

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Friday, April 27, 2018. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

Due to the Minister of Finance’s calendar, the upcoming meeting of the Board of Directors of Banco de la República scheduled for Thursday, 31 May will take place on Friday, 25 May instead.

No decisions…

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Tuesday, March 20, 2018. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board…

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Monday, 29 January 2018. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

A regular meeting of the Board of Directors of

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Thursday, December 14, 2017. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and…

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Friday, November 24, 2017. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board…

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Friday, October 27, 2017. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Friday, September 29, 2017. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

The Board of Directors of Banco de la República at today’s meeting decided to maintain the benchmark interest rate at 5.25%. For this decision, the Board mainly took into account the following aspects:

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Thursday, August 31, 2017. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

Macroprudential policy in Colombia is described along with a discussion of the main challenges faced by the authorities in implementing it and a review of episodes in which macroprudential measures were taken. An overview and some estimates of their effectiveness in preventing the buildup of…

The Inflation Targeting Scheme in Colombia

OBJECTIVES

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Thursday, July 27, 2017. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

A regular meeting of the Board of Directors of Banco de la República took place in the city of Bogotá D.C. on Friday, June 30, 2017. In attendance were Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit; Juan José Echavarría, Governor of the Central Bank; and Board Members…

The Board of Directors of Banco de la República at today’s meeting decided to reduce the benchmark interest rate by 50 bp to 5.75%. For this decision, the Board mainly took into account the following aspects: