Tag: Bank of the Republic

Increased financial burden on households

Increased financial burden on households Increased financial burden on households

In line with the higher growth of the household portfolio, there was an increase in the financial burdens it bears. This is evident from the data from the Financial Stability Report of Banco de la República for the second half of 2022. Over the past two quarters, households’ financial burdens have risen and debt relative […]

Banrepública decided to raise interest rates to 11%

Banrepública decided to raise interest rates to 11% Banrepública decided to raise interest rates to 11%

The Issuer stated that in the past month the adverse financial conditions facing the economy worsened, caused by: global factors and idiosyncratic factors. “These circumstances translated, among other things, into a monthly depreciation that was higher than the average of other emerging economies,” explains Leonardo Villar, general manager of Banco de la República. He added […]

Analysts expect interest rate hike of 100 basis points

Analysts expect interest rate hike of 100 basis points Analysts expect interest rate hike of 100 basis points

Analysts’ forecasts of the decision to be passed by Banco de la República’s board of directors at its Thursday meeting point to a rate hike of between 100 and 150 basis points. This would take the reference rate from 9% to 10% or 10.5%. An increase of 150 basis points was implemented at the July […]

They condemn the circulation of counterfeit $100,000 bills: how can they be identified?

They condemn the circulation of counterfeit $100,000 bills: how can they be identified? They condemn the circulation of counterfeit 0,000 bills: how can they be identified?

The Bank of the Republic spoke this Saturday for several posts on social networks about counterfeits of the ticket from $100,000with the series AA42661883. “No counterfeit with that serial number has been identified,” the publisher said via Twitter, inviting the public to validate the authenticity of the currency and thus avoid falling victim to the […]

Banrepública would raise interest rates to 9%: analysts

Banrepública would raise interest rates to 9%: analysts Banrepública would raise interest rates to 9%: analysts

Prior to the meeting of the Board of Directors of the Bank of the Republic scheduled for today to make monetary policy rate decisions, economic analysts predict a 150 basis point increase that would take it to 9%. The intervention rate is currently 7.5% after an increase of 150 basis points was approved at the […]

Interest rate rise, the highest of the year

Interest rate rise, the highest of the year Interest rate rise, the highest of the year

The direction Bank of the Republic decided to raise the monetary policy rate by 150 basis points and adopted it from 6% a 7.5%† The decision taken found that one of the elements to increase the intervention rate is annual inflation, as it remains high after reaching 9.23% in April and 9.07% in May. “Inflation […]

How much impact will the rise in interest rates have on Colombians?

How much impact will the rise in interest rates have on Colombians? How much impact will the rise in interest rates have on Colombians?

The appreciation of the new bank loans It is the most significant effect Colombians can have as a result of the 150 basis point increase in the Banco de la República’s monetary policy rate, from 6% to 7.5%. This was stated by analysts consulted by EL HERALDO, pointing out that loans to people who have […]

Analysts expect Banco de la República rate to hit 7.5%

Analysts expect Banco de la República rate to hit 7.5% Analysts expect Banco de la República rate to hit 7.5%

Prior to the meeting that the Board of Directors of the Bank of the Republic to make interest rate decisions monetary policy in Colombia, economic analysts predict that the intervention will reach 7.5%, which would represent an increase of 150 basis points. It is recalled that the intervention rate is currently 6%. On that occasion, […]

The country’s economic growth is no longer a post-pandemic rebound: Villar

The country’s economic growth is no longer a post-pandemic rebound: Villar The country’s economic growth is no longer a post-pandemic rebound: Villar

Banco de la República’s general manager, Leonardo Villar, confirmed that the economic growth of Colombia it is no longer a simple rebound after the pandemic crisis and is now the highest among the Latin American economies. In the first quarter of this year it was 8.5%. “It’s growth that means not only that we have […]

The good, the bad and the ugly of the rate hike

The good, the bad and the ugly of the rate hike The good, the bad and the ugly of the rate hike

If you are wondering how the increase in the intervention rate of the Bank of the Republic It is imperative that you know that this measure is intended to curb the rise in inflation, which is already well ahead of analysts’ forecasts and stands at 8.01% per annum as of February. Inflation also exceeds the […]

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