Colombia
Colombia's central bank: half yearly report
The reports presented to Colombia's Congress by the Board of Directors of the Banco de la Republica include macroeconomic results, the aims of the board, and future perspectives of the likely trend of several macroeconomic variables.
Colombia raises rates to 21-month high
Colombia's central bank raised its key intervention rate on Friday to 6.75% from 6.5%. The move was expected by market observers as inflationary pressures have been building through high consumer spending, rapid growth in imports and a sharp increase in…
Counterfeiters finally crack the Euro note
According to this article published on The New Zealand Herald's website on Wednesday 2 August, the amount of counterfeit currency discovered in the 12 euroland countries is now running at 600,000 notes a year - roughly the same as before the single…
Inflation targeting in dollarized economies
According to this Working Paper from the Central Bank of Chile, the shift to an inflation targeting regime has contributed to the relatively low inflation observed in some emerging market economies.
Inflation targeting in dollarized economies
According to this IMF Working Paper, the shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies.
Colombian CB continues to sell reserves
The Colombian central bank sold $114 million in foreign exchange reserves to the government last week.
Colombia central bank sold $250m reserves to govt
Colombia's central bank sold the government $250 million in foreign reserves and bought 880 billion pesos ($382 million) worth of TES Treasury bonds over the past week, the bank said on Friday 7 October.
Colombia central bank plans reserves sale
Colombia's central bank said on Friday 16 September it cut interest rates by half a percentage point and would sell at least $3 billion in international reserves to the government.
Colombian central bank to sell reserves to govt
Colombia's central bank said on Tuesday 16 August that it will sell more foreign reserves to the government, in a similar deal to a $1.25-billion sale carried out earlier this year to pay off a debt.
IADB elects new President
Colombian diplomat and former minister of economic development Luis Alberto Moreno was elected president of the Inter-American Development Bank on Wednesday 27 July during a special meeting of the Bank's Board of Governors at IDB headquarters in…
Colombia to sell $1 billion in foreign reserves
Colombia's central bank will sell the government at least $1 billion in foreign reserves to help prepay debt, according to the Finance Minister, Bloomberg reported.
New General Manager at Banco de la Republica
Dr Jose Dario Uribe Escobar has been designated by the Board of Directors as new General Manager of the Banco de la Republica, Colombia.
Interest rate round-up
A number of central banks adjusted their interest rates in the last week, some in line with market expectations and others providing a surprise.
Colombia's central bank appoints new MD
The board of Colombia's central bank has selected Jose Dario Uribe, the bank's technical director, as the new managing director of the bank, according to a statement released by the bank.
Report says Colombia should increase reserves
According to Colombia's banking association, the central bank should boost its international reserves by about $500 million to offset possible sudden capital outflows that would follow a US interest rate rise.
Central bank forex intervention in Colombia
The IMF Working Paper "Central Bank Foreign Exchange Market Intervention and Option Contract Specification: The Case of Colombia" aims to identify appropriate option contract specifications for effective central bank exchange market intervention. The…
Colombian President wants c bank to halt peso rise
The president of Colombia has called on the central bank to halt the pesos rise against the US dollar to promote economic recovery through a more competitive exchange rate, according to a Reuters report.
Venezuelan, Colombian cbs agree on payment system
Following meetings between central bank officials from Venezuela and Colombia, a system has been agreed which will control and guarantee payments for Colombian exports to Venezuela.
Colombia, Venezuela c banks to discuss for ex
The central bank chiefs from Colombia and Venezuela will soon meet in the Colombian city of Cartagena to discuss concerns that planned Venezuelan currency controls could disrupt debt payments, Colombia's government said on Wednesday.
Colombian president against c bank money issue
COLOMBIA - President Alvaro Uribe Velez told the country today that he does not agree with a new issue of money by the Bank of the Republic to finance Colombia's fiscal problem.
Colombia: Central bank warns about capital flight
COLOMBIA - The Bank of the Republic has warned that Colombians are taking their money out of the country, a situation which was brought to the attention of the Third Senate Commission by Bank of the Republic President Miguel Urrutia Montoya.
Speech by Eduardo Aninat, Dep MD, IMF, 20 Jun
SPEECH - In a speech titled 'The Economic Foundations of Peace in Colombia' Aninat said it was his sincere hope that the new administration will be able to find ways to mobilize the multiple talents and goodwill of the Colombian people, and put the…
Colombia central bank launches new COP1,000 bill
COLOMBIA - Colombia's central bank on Tuesday launched a new 1,000 peso bill ($1=2271.50) to complement the coins of that denomination in circulation already.
Colombian c bank report 2001 net income of $533.7m
COLOMBIA - The Colombian central bank posted 2001 net income of 1.22 trillion pesos ($533.7 million), officials said.