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2021 Inflation Forecast Revised To 5.3% for 2021 and 3.7% for 2022

COLOMBIA

From statement:

  • Revision of the inflation forecast to 5.3% for 2021 and 3.7% for 2022.
  • Technical team ratified its GDP growth projection of 9.8% for 2021.
  • By 2022, a reduction in the current account deficit is expected to 4.9% of GDP, in a less comfortable international financial context.
  • Inflation expectations have risen and are above the 3% target, even in the medium term. This implies the risk of inducing indexation processes to higher levels of inflation.

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