The 90-day DTF interest rate: why does it remain constant?

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Borradores de Economía; No. 371
Date published
2006-02-09
Date of last update
2006-02-09
Author
Rowland, Peter
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
The 90-day DTF rate is the main benchmark interest rate in Colombia. Since mid-July 2002 this rate has remained more or less constant at around 7.8 percent. More importantly, it did not react to any of two 100-basis-point increases in the overnight repo
JEL Codes
E52 - Monetary PolicyE42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment SystemsE61 - Policy Objectives; Policy Designs and Consistency; Policy CoordinationE63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
Keywords
DTF Interest ; Monetary policy ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5389
https://hdl.handle.net/20.500.12134/5389
https://doi.org/10.32468/be.371
https://ideas.repec.org/p/bdr/borrec/371.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit