This paper aims to provide evidence on the relationship between fiscal and monetarypolicy in Colombia through an empirical exploration of the credit risk channel. Underthis approach, fiscal policy plays an important explanatory role in the sovereign riskpremium, which, in turn, could…
OLD Prices, inflation and monetary policy
Below are the contents available on the site related to the query.
- Publicación |Abstract
- Noticias |
On March 31, Banco de la República's board of directors (BDBR) voted 5-2 in favor of a 100-basis point increase to the benchmark interest rate, bringing it to 5.0%; two board members voted for a 150-basis point increase.
The decision took into account the following considerations:
- Noticias |
In 2020, Banco de la República's board of directors (BDBR) took a series of steps to ensure liquidity in the economy and in financial markets in response to the risks and adverse effects caused by the COVID-19 pandemic. In an environment of extraordinary tension, these steps included the…
- Noticias |
The board voted 5-2 to raise the benchmark interest rate to 5.0%; two board members voted for a 150-basis point increase.
The decision was based on the following considerations:
- Noticias |
- Noticias |
Colegio El Divino Niño in the city of Santa Marta was chosen, out of three finalists, as the winner of the XI “From School Banking to Central Banking” Contest for its essay entitled: How does Banco de la República’s monetary policy influence my decisions? Second place went to Colegio Villa…
- Noticias |
- Publicación |1.1 Macroeconomic summary
Several factors contributed to an increase in projected inflation on the forecast horizon, keeping it above the target rate. These included inflation in December that surpassed expectations (5.62%), indexation to higher inflation rates for various baskets…
- Noticias |Macroeconomic Summary
Recent data on economic activity, inflation and the job market suggest their trends have been in line with the technical staff's assessment of the state of the economy and how it is expected to evolve, characterized by a slump in demand and the persistence of…
- Noticias |
On January 28, Banco de la República's board of directors (BDBR) voted 5-2 to approve a 100-basis point increase to the benchmark interest rate, bringing it to 4.0%; two dissenting members voted for a 75-point increase.
The decision took into account the following considerations:
- Noticias |
The board voted 5-2 to raise the benchmark interest rate to 4.0%; two board members voted for a 75-basis point increase.
The decision was based on the following considerations:
- Publicación |Abstract Given the importance of climate change and the increase of its severity under extreme weather events, we analyze the main drivers of high food prices in Colombia between 1985 and 2020 focusing on extreme weather shocks like a strong El Niño.We estimate a non-stationary extreme value…
- Noticias |
The Board of Directors of Banco de la República raised the policy rate by 50 basis points (bp) thus putting it at 3.0% in a 4-3 majority decision at its December 17 session. Three members voted for a 75 bp increase.
The decision took the following aspects into account:
- Noticias |
The board voted 4-3 to raise the benchmark interest rate by 50 basis points to 3.0%; three board members voted for a 75-basis point increase.
The decision was based on the following considerations:
- Publicación |Abstract Modern macroeconomics focuses on the identification of the primitive exogenous forces generating business cycles. This is at odds with macroeconomic forecasts collected through surveys, which are about endogenous variables. To address this divorce, our paper uses a…
- Noticias |Act 31/1992 stipulates that the Board of Directors of Banco de la República must define and announce the inflation target. In accordance with this legal mandate, the BDBR is prepared to announce that it has set a target of 3.0% within a range of 2.0% to 4.0%. Inflation has…
- Publicación |
Webcast by our Deputy Technical Governor, Hernando Vargas.
- Publicación |1.1 Macroeconomic summary
Economic activity has recovered faster than projected, and output is now expected to return to pre-pandemic levels earlier than anticipated. Economic growth projections for 2021 and 2022 have been revised upward, though significant downward bias remains.…
- Noticias |
On October 29, Banco de la República's board of directors (BDBR) decided unanimously to continue to normalize monetary policy. The board voted 5-2 to increase the policy interest rate by 50 basis points to 2.5%, with two dissenting members voting for a 25-point increase.
The decision took…
- Noticias |
The board voted 5-2 to raise the benchmark interest rate by 50 basis points to 2.5%; the two dissenting board members voted for a 25-basis point increase.
This decision was based on the following considerations:
