jueves, 20 de mayo de 2010

obgetivo en colombia

Inflation targets in colombia
objetives
Monetary policy in Colombia is governed by a system of inflation targeting,
where the main objective is to achieve low inflation rates and
seek stability in output growth around its trend
long term. Therefore, the objectives of monetary policy combined
the goal of price stability with maximum sustainable growth
output and employment, in this way, this policy complies with the mandate
of the Constitution, and contributes to the welfare of the population.
Horizonte and implementation
The Board of the Bank of the Republic (BDBR) define quantitative targets
of inflation for the current year and next. Policy actions
the BDBR are designed to meet the goal of each year and place
the inflation rate around 3% in the long term. The measure of inflation
taken into account is the annual change in the price index
(CPI).
Decision-making process
Monetary policy decisions are made based on analysis of
Current state and prospects of the economy, and evaluation
inflation forecast against targets. If the evaluation suggests,
enough confidence that under the prevailing conditions of
monetary policy inflation will deviate from the target in the horizon
time in which this policy operates, and that such deviation is not due to
temporary shocks, the BDBR action to change its policy stance,
The strategy of inflation
objective in Colombia
primarily through changes in interest rates intervention
(Interest rates of the operations of short-term liquidity the Bank
of the Republic).
Communication and transparency
The reports on inflation, published quarterly, seek to make transparent
BDBR decisions, and contribute to greater understanding and
monetary policy credibility. Specifically, reports of
inflation have the following objectives: i) communicate to the public's vision
BDBR and the Technical Management of the Bank of developments
recent and expected inflation and the factors that determine a
short and medium term, ii) explain the implications of the above
factors for the management of monetary policy within the framework of
inflation target, iii) to explain the context and analysis that supported the
monetary policy decisions during the quarter, and iv) provide
contribute to the formation of agents' expectations
economic about the future path of inflation and growth
product.

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