Informe sobre Inflación - Diciembre de 2007

Citation data:

Reportes, Boletines e Informes

Publication Year:
2007
Usage 65
Abstract Views 50
Downloads 15
Repository URL:
http://repositorio.banrep.gov.co/handle/20.500.12134/7224
Author(s):
Gerencia Técnica; Vargas-Herrera, Hernando; Subgerencia de Estudios Económicos; Toro-Córdoba, Jorge Hernán; Departamento de programación e inflación; Huertas-Campos, Carlos Alfonso; Sección de Inflación; Cobo-Serna, Adolfo León; Reyes-González, Alejandro; Caicedo-García, Edgar; Pulido, José David; Torres-Trespalacios, José Luis; Flórez, Luz Adriana; Olarte, Sergio Show More Hide
Publisher(s):
Banco de la República de Colombia
Tags:
Bancos centrales; Precios; Macroeconomía; Producto interno bruto; Colombia; E31 - Price Level; Inflation; Deflation; E39 - Prices, Business Fluctuations, and Cycles: Other; E30 - Prices, Business Fluctuations, and Cycles: General; Central banks; Prices; Macroeconomics; Gross domestic product; Banco de la República (Bogotá) -- 2007 -- Informes; Inflación -- Colombia -- 2007 -- Informes; Alimentos -- Precios -- Colombia -- 2007 -- Informes; Balanza de pagos -- Colombia -- 2007 -- Informes; E31 - Nivel de precios; Inflación; Deflación; E39 - Precios, fluctuaciones y ciclos económicos: Otros; E30 - Precios, fluctuaciones y ciclos económicos: Generalidades
report description
The Banco de la República’s Board of Directors started to raise the benchmark interest rates in April 2006 from low real levels, in response to inflationary pressures that may have come from aggregate demand running above long-term sustainable levels. Although the 2006 inflation target was met, in 2007 the Board, taking into account inflation and economic-growth projections, raised the intervention interest rate seven times. Information available over the year confirmed the presence of inflationary pressures that jeopardized achieving the aim of price stability.