OLD Prices, inflation and monetary policy

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on February 28, 2014.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe Escobar, Governor and Managing Director of Banco…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on January 31, 2014.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe Escobar, Governor and Managing Director of…

In 2010, the annual CPI variation was 3.17%, this figure being close to the midpoint of the inflation target range (between 2% and 4%) fixed for this year by the JDBR, the Board of Directors of Banco de la Republica, the Central Bank of Colombia. In the past quarter, the so-called “La Niña”…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on December 30, 2013. In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la República…

At the end of 2012 annual inflation stood at 2.4%, lower than the long-term target (3%) and within the year’s target range (2%-4%) (Graph A). Fourth-quarter inflation results were lower than average market expectations and also below the rates expected by Banco de la República’s technical staff…

In September 2012 annual change in the consumer price index (CPI), core inflation measures, expectations at different horizons and inflation forecast for December stood around the mid-point of the target range (3%). At the end of the third quarter annual inflation stood at 3.08%, down by 12…

In March 2012, annual inflation was 3.4%. This is 15 basis points (bp) less than the rate recorded in December (Graph A). A decreasing trend in annual inflation started in October, when inflation reached its highest level in 2011 (4.0%).

In June 2012 annual inflation stood at 3.2%, down by 20 basis points (bp) from the figure of March, resuming its downtrend after remaining relatively stable in April and May. From March to June, year-on-year change in the consumer price index (CPI) for food fell from 4.6% to 4.2%, accounting…

In its meeting today, the Board of Directors of Banco de la Republica ratified their commitment to keep the inflation target at 3% and confirmed that the monetary policy measures will continue to be directed towards holding inflation at that value. Low and stable inflation is the best…

At its meeting today, the Board of Directors of Banco de la Republica, the Central Bank of Colombia, decided to keep its intervention rate unaltered. In this manner, the base rate for expansion auctions will remain at 4.75%. The following factors were taken into account in the decision-making…

At its meeting today, the Board of Directors of Banco de la Republica, the Central Bank of Colombia, has decided to lower its intervention interest rate by 25 basis points. In this manner, the base rate for expansion auctions will be 5%. This decision was based on the following factors taken…

1.      A marginal reserve ratio was imposed on each type of local currency liability in amounts that exceed the level registered on May 7. The following percentages apply:

Banco de la República, pursuant to a decision reached earlier by its Board of Directors, announces it will continue its active and discretional intervention in the exchange market.  The monetary expansion resulting from that intervention is offset by the Bank to keep short-term interest…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá on April 30, 2012. In attendance were Mr. Juan Carlos Echeverry, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la República, and full-time…

Institute of International Finance Rio de Janeiro (Brasil), marzo 29 (184 kB)

Seminario del CIAT. Cali, mayo 09 de 2008

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