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Banco de la República is the central bank of Colombia The aim of the Banco de la República’s monetary policy is the achievement of coherent inflation rates with the constitutional mandate of guaranteeing price stability in coordination with a general macroeconomic policy that motivates product and employment growth.

Minutes
Bogotá, March 12/2010 (10:00 a.m.)


Minutes of the Board of Directors’ meeting that was held on February 26, 2010.


Minute


The Central Bank of Colombia leaves its intervention interest rate unaltered
Bogotá, February 26 /2010


At a meeting today, the Board of Directors of the Central Bank of Colombia agreed to make no change in the intervention interest rate. Accordingly, the repo auction base rate will remain at 3.50%. This decision was based on the following factors:

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Working Papers No. 588
Bogotá, February 22/2010 (4:40 p.m.)


Failing and Merging as Competing Alternatives during Times of Financial Distress: Evidence from the Colombian Financial Crisis by: José Eduardo Gómez-González y Juan Carlos Mendoza.

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Working Papers No. 587
Bogotá, February 12/2010 (11:32 a.m.)


"Effects of Reserve Requirements in an Inflation Targeting Regime: The Case of Colombial" by: Hernando Vargas, Carlos Varela, Yanneth R. Betancourt and  Norberto Rodríguez.

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The Central Bank of Colombia Makes No Change in its Intervention Interest Rate
Bogotá, January 29 /2010


At a meeting today, the Board of Directors of the Central Bank of Colombia agreed to make no change in the intervention interest rate. Accordingly, the repo auction base rate will remain at 3.50%. This decision was based on the following factors:

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Inflation Report March
Bogotá, december 30/2009 (09:40 a.m.)


In order to have terms of reference for the decisions regarding monetary policy, the Board of Directors of the Banco de la República carries out periodical analysis of the results of inflation, monetary aggregates, and other economic variables.

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Inflation and target
Update March 8/2010

Basic Inflation Indicators
Update March 8/2010
GDP growth
Update December 22/2009
 
Convocatoria Revista ESPE

Last updated: .................................................................. .... Colombian legal hour

Indicators - 15/03/2010

Inflation    
  Inflation Target 2009
2.0%-4.0%
  Annual Inflation
February
2.09
  Real Value Unit (RVU) 15/03/2010
187.6452
Interest rates - 15/03/2010
   
  Intervention Rate
3.50%
 
  Interbank Rate
3.30
  Deposits to Fixed Terms (DTF) Rate
3.89
  IBR    
  IBR Overnight
12/03/2010
3.225
  IBR 1 Month
09/03/2010
3.275
  Market Exchange Rate - 15/03/2010    
  Exchange Rate -
15/03/2010
1,892.99
  Nominal Depreciation – Last 12 months
-22.59
Economic calendar
Report presented by the Board of Directors to the Congress of Colombia
Inflation Report
Financial Stability Report

Working Papers NEW

Revista Ensayos Sobre Política Económica
Foreing Reserve Management
 
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