Colombia
Rates round-up: Mexico and Colombia slow tightening
Guatemala also tightens with 25bp hike; Chile and Dominican Republic continue pauses
People: January to March 2023
A round-up of central bankers in the news and on the move during the past three months
Colombia central bank transfers $1.6 billion to government
Country escapes trend of central bank losses
Colombia’s Villar says tight policy necessary for future growth
Governor says inflation more stubborn than in neighbours, but will fall soon
Colombia says tightening cycle may be nearing end
Central bank board splits 5–2 on 75bp rate hike
Colombia finance minister says no more rate hikes needed
Ocampo says December inflation figure of 13.1% was the peak level
Latin American rates: Colombia adopts highest rate since 2001
Argentina holds steady again, while Nicaragua raises rates
Colombian president appoints central bank board member
Court annulled appointment of Alberto Carrasquilla for violating gender quota law
Colombian court annuls Carrasquilla appointment
Law required president to name a woman to vacancy to central bank board, say judges
Colombian central bank increases rates to 11%
Food inflation and demand are stronger than in other Latin American countries, governor says
Colombian president criticises central bank’s rate increases
Finance minister argues tighter policy could bring recession without reducing inflation
Colombia orders ninth consecutive rate increase
Inflation rises above central bank projections as finance minister expresses frustration
Colombian study estimates policy impact on capital flows
Meta-analysis using web scraping finds central banks have more control over some flows than others
Rates round-up: Latin American central banks battle persistent inflation
Colombian, Dominican and Nicaraguan central banks hike rates as inflation stays high
Colombia announces largest-ever rate increase
Central bank orders 150bp rise, while president-elect announces next finance minister
Colombian central bank raises rates by 100 basis points
Three board members voted for a 150bp hike
Two Latin American central banks raise rates
Colombia’s two MPC dissenters call for steeper hikes; Dominican Republic raises rates 50bp
Court will not suspend Carrasquilla appointment to Colombian central bank
Lawyers allege appointment is form of state capture and violates gender quota law
Leading Colombian presidential candidate plans central bank reform
Gustavo Petro claims current government has captured the board of directors
IMF report supports Colombia’s policy tightening
Colombia vulnerable to external shocks and needs higher reserves, IMF staff say
Union objects to Colombian central bank’s branch closures
Bank of the Republic is converting some regional offices to cultural centres, closing treasuries
Central Bank of Colombia steps up tightening cycle
Full percentage point hike comes as both inflation and growth rebound
Colombia stays on trend with 50bp hike
Central bank board unanimous on raising rate, but splits 4–3 on size of increase
Colombian central bank leaves inflation target unchanged
Rise in inflation is likely to prove transitory, board says, as it sticks to 2% to 4% range