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At its 96th Session held on Wednesday, 17 December 2025, the Financial System Coordination and Monitoring Committee met with the participation of the Technical Deputy Minister of the Ministry of Finance and Public Credit appointed by the Minister of Finance and Public Credit to chair this session,…
In today’s remote meeting, the Committee for the Coordination and Surveillance of the Financial System, comprised of the Minister of Finance and Public Credit, the Governor of Banco de la República, the Financial Superintendent, and the Director of FOGAFIN (Colombian agency that provides deposit…
At today's meeting, the Committee for the Coordination and Follow-up of the Financial System, formed by the Minister of Finance, the Governor of Banco de la República (the Central Bank of Colombia), the Financial Superintendent, and the Director of the Fund for Guarantees for Financial Institutions…
A meeting between the Minister of the Treasury and Public Credit, the Governor of Banco de la República, the Financial Superintendent, the Director of the Financial Institution Guarantee Fund – Fogafín, and the Director of the Financial Regulation Unit – (URF in Spanish) was held on the morning of…
At the meeting held on Tuesday between the Minister of Finance and Public Credit, the Governor of Banco de la República (the Central Bank of Colombia), the Financial Superintendent, and the Director of the Financial Institutions Guarantee Fund (Fogafín in Spanish), together with the Director in…
The financial system started 2023 with adequate performance and prudential indicators. The measures adopted in the last quarter of 2022 have prepared the system to absorb the risks that could materialize throughout the year. Hence, the behavior of the prudential levels of capital adequacy (solvency…
During the 86th session of the Financial System Coordination and Monitoring Committee, held today between the Minister of Finance and Public Credit, the Governor of Banco de la República (the Central Bank of Colombia), the Financial Superintendent, and the Director of the Financial Institutions…
During the 87th session of the Financial System Coordination and Monitoring Committee held today between the deputy ministers of the Ministry of Finance and Public Credit, the Governor of Banco de la República (the Central Bank of Colombia), the Financial Superintendent, and the Director of the…
During the 88th session of the Financial System Coordination and Monitoring Committee, held on Monday, December 04 between the Acting Minister, Diego Alejandro Guevara Castañeda, of the Ministry of Finance and Public Credit, the Governor of Banco de la República (the Central Bank of Colombia), the…
During the 89th session of the Financial System Coordination and Monitoring Committee, held this Wednesday between the Minister of Finance and Public Credit, the Governor of Banco de la República (the Central Bank of Colombia), the Financial Superintendent, the Director of the Financial…
During the 90th session of the Financial System Coordination and Monitoring Committee, held this Friday between the Minister of Finance and Public Credit, the Governor of Banco de la República (the Central Bank of Colombia), the Financial Superintendent, the Deputy Director for Resolution…
At the meeting held today between the Minister of the Treasury and Public Credit, the  Governor of Banco de la República, the Financial Superintendent, and the director of the Financial Institutions Guarantee Fund - (Fogafín in Spanish) along with the director of the Financial Regulatory Unit…
Monetary Policy: Heterogeneity, Communication and Subjective Inflation Expectations11-12 November 2022 in Bogotá, ColombiaSubmission deadline: 31 July 2022
The Research Department of the Inter-American Development Bank (IDB) and Banco de la República de Colombia co-organized a conference on recent developments in the analysis of current account sustainability. The event took place on April 18, 2017 at the IDB headquarters in Washington D.C. The…
 The balance for the consolidated public sector (CPS), estimated by the Economic Studies Divisions at Banco de la República according to sources of financing, shows a deficit equal to 0.9% of GDP for 2006. In absolute terms, the figures for the same period show a Col$2,707.5 billion deficit (0…
This paper propose indicator variables for the implementation of monetary policy in an inflation targeting regime. Using constant interest rate projections, the notion of a target-compatible interest rate is presented. This variable allows to extract some characteristics that the expected future…
 Bogotá  (Bogotá, D. C.; Cundinamarca)
This paper studies the behavior of the survival function of accruing loans during the slowdown experienced by the Colombian economy between January-2008 and March-2009 as documented by Alfonso et al. (2013). We use a dataset with information of different vintage loans between July-2007 and March-…
Consumer inflation is the generalized and sustained increase in the prices of the most representative goods and services of household consumption in a country. 
The consumer price index (CPI) is an indicator that serves to measure the evolution of the prices of the most representative goods and services of household consumption expenditure in Colombia and provides information to calculate the cost of living in the country. Positive variations in this index…
Total CPI, CPI by city, Otherr aggregate CPI indexes.
   
Banco de la República (the Central Bank of Colombia) has access to the Federal Reserve Repurchase Agreement (Repo) Facility (FIMA), which is an instrument that facilitates access to immediate liquidity if required under extreme circumstances. In these transactions, FIMA account holders (central…
In this paper we study the structure of the fiscal system of the Viceroyalty of New Granada towards the end of the colonial period. Then we discuss how the tax system inhereted from the Spanish Empire evolved over the period 1821-1850. The conclusion that emerges from the review of the evidence is…
Abstract In this paper we evaluate the contribution of business expectations from surveys of Banco de la República and Fedesarrollo, to the forecasts of the main macroeconomic variables: inflation, unemployment, employment and economic growth. We make this assessment by comparing one to four…