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Economists Raise 2023 CPI Expectations To 7.50%

COLOMBIA

Latest BanRep Economist Survey Results:

Next rate move to be a 100 bps increase in Dec. 2022
12-mth inflation raised to 7.67% from 7.27%
24-mth inflation cut to 4.24% from 4.50%
2022 year-end inflation raised to 12.22% from 11.88%
2023 year-end inflation raised to 7.50% from 6.74%
2022 year-end exchange rate raised to 4800 from 4445 COP/USD
2023 year-end exchange rate raised to 4600 from 4300 COP/USD (BBG)

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Economists Raise 2023 CPI Expectations To 7.50%

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