Minutes of the Banco de la Republica Board of Director’s meeting on February 24, 2012

On February 24, 2012, the regular meeting of the Board of Directors of the Banco de la Republica was held in the city of Bogota with the presence of the Minister of Finance and Public Credit Mr. Juan Carlos Echeverry, the Governor and Managing Director Mr. José Dario Uribe, and the exclusive full-time dedicated directors, Messrs. Carlos Gustavo Cano, Juan Jose Echavarria, Fernando Tenjo, Juan Pablo Zarate, and Cesar Vallejo, at which inflation and economic growth, as well as the perspectives for both situations are discussed, and decisions relating with the monetary policy are adopted. 

The attached document is a summary of the major subjects addressed at this meeting.