Money growth
At the end of the first quarter of
1999, the money supply was Col. $8,712 billion, 1,7% lower than a year before. This is
explained by a significant reduction in the current account deposits, 14.5% and by the
increase of cash holdings 20.4%. During 1999, the reduction in the money supply is 17.2%,
as a result of falling current account deposits and currency holdings, 18.9% and 15.0%
respectively.
MONEY GROWTH (M1)
Annual Variation
|
MONEY
GROWTH
(Annual Variation %)
END OF
QUARTER |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 pr |
1 |
25.8 |
28.1 |
24.1 |
33.7 |
34.0 |
37.4 |
19.4 |
19.3 |
14.9 |
12.2 |
-1.7 |
2 |
27.3 |
26.0 |
25.5 |
44.1 |
30.4 |
30.4 |
17.9 |
15.6 |
22.5 |
2.2 |
|
3 |
26.0 |
29.4 |
29.7 |
35.5 |
36.6 |
30.0 |
13.1 |
15.3 |
20.4 |
0.9 |
|
4 |
28.9 |
25.2 |
31.7 |
41.0 |
30.0 |
25.3 |
20.2 |
16.5 |
21.7 |
-3.9 |
|
|
pr: Preliminary.
Source: Banco de la República - Economic studies. |
