OLD Monetary Policy

Banco de la República (the Central Bank of Colombia) will roll over forward contracts maturing in November.

At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over non-delivery forward contracts for the sale of US dollars through auctions held on the…

The Board of Directors of Banco de la República, at today’s meeting, unanimously decided to maintain the benchmark interest rate at 1.75%. For this decision, the Board mainly took into account the following elements:

For this decision, the Board mainly took into account the following elements:

At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over the non-delivery forward contracts for the sale of US dollars through auctions held on the dates of maturing contracts until 30 October 2020.

At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over non-delivery forward contracts for the sale of US dollars through auctions held on the dates of maturing contracts until 25 September (i.e., the date of the Board's meeting in September).

The Board of Directors of the Central Bank of Colombia (BDBR) unanimously reduced the benchmark interest rate by a quarter percentage point to 2.0%. For this decision, the Board mainly took into account the following elements:

At its meeting today, the Board of Directors of Banco de la República (BDBR) decided to roll over Non-Delivery Forwards maturing in August through auctions to be held on maturity days. 

The Board of Directors of Banco de la República (BDBR) unanimously decided to lower the Benchmark Interest Rate by one fourth of a Percentage Point to 2.25%. This decision took the following elements into consideration:

With the purpose of reinforcing the adequate supply of liquidity to the economy and support the credit supply required by corporations and households, at its meeting today, the Board of Directors of the Central Bank of Colombia (BDBR) decided to maintain the REPO collateralized with bank credit…

The Board of Directors of Banco de la República (BDBR), by majority, reduced the Benchmark Interest Rate by half a Percentage Point to 2.50%. In this way, it continues with the countercyclical monetary policy stance.

This decision took the following elements into consideration: 

Banco de la República will roll over foreign-exchange hedging (NDF) with maturities in June through auctions. Also, it will continue to auction the non-allotted amount for authorized operations (NDF and Swaps).

The Board of Directors of the Central Bank of Colombia (BDBR), by majority, reduced the benchmark interest rate by half a percentage point to 2.75%. In this way, it continues with the countercyclical monetary policy stance.

This decision took the following elements into consideration:

Banco de la República (the Central Bank of Colombia, BR) hereby informs that on 14 May 2020 it exchanged public debt instruments with the national government for COP $1,766 billion (nominal value) at market prices.

In this operation, BR delivered TES with maturities up to 2021, and…

At its meeting in November 2017, the Board of Directors of Banco de la República (BDBR) adopted a new scheme for monetary policy decisions, according to which, ordinarily, no monetary policy decisions would be made in the months of February, May, August, and November each year.

With the aim of increasing international reserves, and taking into account the monetization of US dollars foreseen by the National Government, the Central Bank of Colombia bought USD 2,000 million through the General Directorate of Public Credit and National Treasury of the Ministry of Finance…