Report of the Board of Directors to the Congress of Colombia, February 2025

The latest accountability report of the Board of Directors of Banco de la República was presented to Congress on Friday, February 28.
Publication Date:
Monday, 03 March 2025
17:00

In 2024, the macroeconomic adjustment process continued, characterized by a sustained reduction in inflation that began in 2023 and a decline in the current account deficit of the balance of payments. This adjustment took place in the context of a contractionary monetary policy, with a gradual reduction in the monetary policy interest rate. GDP grew by 1.7%, driven by investment and consumption, while employment increased by 2.2%. Foreign reserves remained at adequate levels, and Banco de la República recorded a profit of COP 10,041 billion, benefiting from the returns on foreign reserves.

 See the Report (only in Spanish)