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Central Bank Economist Survey Estimates 150Bp BanRep Hike In March

COLOMBIA
  • Economists raised their 2022 CPI Estimate to 6.42% Vs. 5.44%
  • In the latest publication of the central bank’s monthly survey of economists:
    • Next rate move to be March 2022 and be a 150 bps increase
    • 2022 yr-end inflation raised to 6.42% from 5.44%
    • 2023 yr-end inflation raised to 3.83% from 3.69%
  • The nation’s newly elected and divided Congress will guarantee that the next government faces checks and balances in seeking to push through reforms, Fitch Ratings wrote in a note.

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