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In the third quarter, headline inflation continued to decrease and is expected to continue doing so gradually to reach 3.0% by the end of 2025.

I. Performance of Credit Institutions (CIs)

Given the increase in the working-age population, the employment-to-population rate (ER) remained stable in the recent period, standing at 57.5% in the last rolling quarter, with a notable difference between urban areas (59%) and other municipalities and rural areas (55.9%).

Notes at the 27th Asobancaria Treasury CongressLeonardo Villar, Governor of Banco de la República (the Central Bank of Colombia)Cartagena, 13 February 2025Thanks to Asobancaria, and particularly to Jonathan Malagón and Alejandro Vera for the invitation to this event.

Cartagena,

Macroeconomic environmentThe International Monetary Fund (IMF) and the World Bank estimate that the global economy grew by 3.2% in 2024, a rate similar to that observed in 2023 (3.3%). This occurred in a context of moderating inflation and declining monetary policy interest rates in most countries.…

Annual infation is computed using the consumer price index (CPI), the twelve months included in this calculation are weighted equally. Consequently, price variations during the period analyzed may lead to an underestimation or overestimation of the signifcance of the information included in the…

Several studies have pointed to the infuence of the minimum legal wage (SM for its Spanish acronym) on the labor market and the observed distribution of wages and prices in the economy, among other effects. In 2022, Banco de la República conducted a comprehensive study on the macroeconomic effects…

The activities and operations of an industrial company rely largely on energy sources such as electricity and gas, in addition to other elements, including raw materials and labor. Manufacturing operations are the primary consumer of multiple energy sources within the industry sector, whereas…

Inflation has fallen significantly, from 9.3% in 2023 to 5.2% in 2024. During this year and into the next, inflation would continue to decline towards the inflation target.

Artículo publicado en: Revista Colombiana de Estadística, vol. 35, núm. 3, pp. 477-506, diciembre, 2012.  

Artículo publicado en: Ensayos sobre Política Económica, vol. 30, núm. 68, pp. 274-295, junio, 2012  

The United States Federal Reserve has guaranteed Banco de la República access to repos through FIMA. This facility has been open since 6 April 2020. Eligible institutions are central banks with custody accounts for US Treasury securities at the Federal Reserve. Banco de la República would make use…

In its virtual meeting today, the Committee for the Coordination and Surveillance of the Financial System, whose members are the Minister of Finance, the Governor of the Central Bank, the Financial Superintendent, and the Director of FOGAFIN (National Deposit Insurance Fund), analyzed aspects that…

The Covid-19 pandemic brought about an unprecedented deterioration of the Colombian labor market, both in terms of its pace and magnitude. About a quarter of pre-crisis employment was destroyed in March and April, and while a slight upturn in occupation occurred in May, its annual falls continue to…

The Executive Board of the International Monetary Fund (IMF) met on April 9 to conclude the Article IV consultation with Colombia. In its report, the IMF highlights the country's macroeconomic policy framework and the short-term response to the effects of the COVID-19 pandemic. The flexible…

The Economic Education Section hereby informs that the deadlines and conditions of the essay contest “De la banca escolar a la banca central” have been modified to ensure the participation of every school in the country. Please read the following information carefully: New Deadlines

The files (folders) of those interested in participating in the calls for studies abroad for Colombian citizens 2020 (PhD in Economics, graduate studies in Economic Law, and young musical talents) will be received digitally by email at: DDHB-Estudios-Exterior@banrep.gov.co

Given the health emergency situation in the country, the service hours at our windows are modified starting Tuesday 19 April 2020, as follows: In Bogotá: Calle 13 # 35-25 (Industrial Area) Mondays through Fridays from 7:00 am to 1:00 pm, non-stop. Treasury Windows in the Country:  Armenia,…

Kristalina Georgieva, Managing Director of the International Monetary Fund, recommends to the Executive Board to approve the renewal of the Flexible Credit Line for Colombia.

Today, the Executive Board of the International Monetary Fund (IMF) approved the renewal of the country's Flexible Credit Line (FCL) with that institution by the amount of SDR 7.8496 billion (i.e., 384% of Colombia's quota), which is equivalent to about USD 10.8 billion

With figures to February 2020, when the health emergency on account of COVID-19 had not been decreed yet in the country, the labor market exhibited a moderate recovery in employment in the urban area, while the deterioration in the rural sector continued. The good performance of urban employment is…

Banco de la República (the Central Bank of Colombia) has opened the registration and digital reception of essays for the 11th national essay-writing contest De la banca escolar a la banca central, aimed at students of grades 10, 11, and 12 from educational institutions throughout the country. This…