Monday, October 2, 2023

Inflation, dollars and interest rates

The Bank of the Republic has released the latest results of the Monthly Expectations Survey (EME), which asks economic analysts about their inflation forecasts, the Bank of the Republic’s intervention rate, the representative market interest rate (TRM) and GDP growth.

“This survey is part of a series of tools for analyzing the transmission channels of monetary policy, which make it possible to study the degree of anchoring of inflation expectations, with the particularity that the EME allows the collection of direct information on expectations,” emphasizes the company about this analysis.

(In July, the declines in industry and trade intensified).

According to the report, analysts expect the consumer price index (CPI) monthly fluctuation to end September between 0.7% and 0.8%, while they estimate an annual fluctuation between 10.5% and 11%.

For its part, the survey also shows that economic analysts expect that the dollar in Colombia would close September with a TRM between $4,150 and $4,250.

(Colombia pays a $790 million bonus up front).

By the end of 2023, the experts surveyed assume that the exchange rate will be in a range between 4,395 and 4,495 US dollars.

Taking the interest rate into account, analysts expect it to remain at 13.25% in September, a level at which it will remain until the end of 2023.

Nation World News Desk
Nation World News Desk
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