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Economists Predict 75BPs Hike In September In BanRep Survey

COLOMBIA

On Friday, the Central bank published the monthly survey of economists:

  • Next rate move to be a 75 bps increase in September
  • 12-mth inflation raised to 6.10% from 5.80%
  • 24-mth inflation cut to 4.00% from 4.11%
  • 2022 year-end inflation raised to 9.90% from 9.22%
  • 2023 year-end inflation raised to 5.54% from 5.20%
  • 2022 year-end exchange rate raised to 4199 from 4155 COP/USD
  • 2023 year-end exchange rate raised to 4050 from 4000 COP/USD

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