OLD Prices, inflation and monetary policy

Annual consumer inflation in May stood at 3.44%, which means 1 basic point (bp) above the previous month record. This result can be explained by an increase in the annual variation of the CPI without foods which shifted from 2.81% in April to 2.94%…

On 27th July 2012, in the city of Bogota, D.C., the ordinary meeting of Banco de la Republica‟s Board of Directors was held with the presence of the Minister of Finance and Public Credit Mr. Juan Carlos Echeverry, the Governor Mr. José Dario Uribe, and the exclusive full-time dedicated directors…

On 24th August 2012, in the city of Bogota, D.C., the ordinary meeting of Banco de la Republica’s Board of Directors was held with the presence of the Minister of Finance and Public Credit Mr. Juan Carlos Echeverry, the Governor Mr. Jose Dario Uribe, and the exclusive full-time dedicated…

On 28th September, in the city of Bogota, D.C., the ordinary meeting of Banco de la Republica’s Board of Directors was held with the presence of the Minister of Finance and Public Credit Mr. Mauricio Cardenas-Santamaria, the Governor Mr. Jose Dario Uribe, and the exclusive full-time dedicated…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D. C. on October 26, 2012. In attendance were Mr. Mauricio Cárdenas Santamaria, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la República…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on November 23, 2012.   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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on December 21, 2012.   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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on January 28, 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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on February 22, 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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on March 22, 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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on April 26, 2013.  It was attended by Mr. Mauricio Cárdenas Santamaria, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on May 31, 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, and…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on June 28, 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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on July 26, 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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on August 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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on September 27, 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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on October 25, 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…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on November 29, 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…

High-altitude climbers know very well that the descent from the top can be as dangerous as the ascent, so they advance cautiously in this second stage of the journey to ensure a healthy return home. Something similar could be said of monetary policy. Risks do not disappear in the decline period…

Economic observers who monitor monetary policy often compare the timing of interest rate increase or decrease cycle decisions across countries to determine which countries were ahead and which were behind in their decisions. This might be correct if the countries had identical economic…