Colombia
Latin America’s escape from hyperinflation
Adoption of inflation targeting, flexible exchange rates and prudent fiscal policies has ended decades of runaway inflation
Import-intensive sectors see higher exchange rate pass-through
Changes in Colombian peso exchange rate against dollar have small effect on exports
Colombian central bank suspends reserves accumulation
Board wants to assess the impact higher reserves may have on the peso’s exchange rate
Can central bankers turn finance green?
The Network for Greening the Financial System aims to bring about fundamental change. The central bankers who created it made a strong start but face serious challenges.
BIS paper studies high-frequency data on central bank intervention
Sterilised foreign exchange interventions can help to slow credit growth, authors find
Colombia purchases $1 billion from government
Operation aims to support plan to enhance international reserves portfolio
Colombian central bank aims to build up foreign exchange reserves
Central bank prepares for potential reduction of IMF credit line
Juan José Echavarría on Colombia’s path to sounder monetary and economic policy
Colombian governor talks about policy efforts to promote stability, importance of independence and implications of Venezuelan economic collapse
Colombian governor sceptical about Venezuelan petro
Juan José Echavarría reflects on collapse of neighbouring economy in interview with Central Banking
People: Bank of Spain governor nominates new deputy
Governor nominates first female candidate to deputy role; central banks in Colombia and Seychelles get new board members; IMF appoints new legal head
Colombia holds rate on uncertain economic outlook
Higher oil prices are contributing to solid growth, but are beyond the central bank’s control
Regulators using blockchain for KYC data sharing
Central Bank of Colombia and Federal Reserve Bank of Boston collaborate with R3 on KYC pilot
Colombia still has room to cut rates if recovery falters – IMF
Fund praises monetary policy regime as factor anchoring inflation expectations
IMF recommends Colombia improve policy communication
Fund considers the central bank has further room to lower interest rates
Colombia signals end to easing cycle
Despite stronger than expected inflation, board cuts interest rates by 25bp to 4.5%
Colombian banking sector not at risk despite homogeneity – paper
Economist examines diversity of Colombian banking sector and notes “distance” between banks is low
IMF paper explores sustainability of price rises in Colombia
House prices have increased more than 110% in real terms in major cities; houses just 13% overvalued
Bank of Colombia forecasts stronger growth as oil shock fades
The central bank expects higher GDP growth and inflation within target as it cuts rates
Bank of Colombia paper charts fiscal multipliers in developing countries
Stronger fiscal-monetary co-ordination in developing economies during periods of expansion would extract more value from stimulus
Divided Central Bank of Colombia votes to cut interest rates
Worries about inflation not returning to target spur board to cut interest rates to 5.75%
Colombia’s Echavarría says monetary policy has been a challenge
Monetary policy has had to adapt to external headwinds that have caused imbalances for Colombia
BIS paper says macro-pru is better when partnered with monetary policy
Macro-pru does not work as well when it acts as a substitute for monetary policy when dampening credit cycles
Staff incentive schemes lead to bad deals for consumers – paper
Colombian paper examines the effect of bank incentive schemes on consumers
Colombian macro-pru measures have been effective, paper shows
Paper analyses the impact of macro-prudential measures on credit supply of banks