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Surveyed Economists Raise 2022 CPI Estimate to 7.00% From 6.42%

COLOMBIA

The Colombia Central bank has published their monthly survey of economists:

  • Next rate move to be a 100 bps increase, at April meeting
  • 12-mth inflation raised to 4.42% from 4.35%
  • 24-mth inflation raised to 3.70% from 3.50%
  • 2022 year-end inflation raised to 7.00% from 6.42%
  • 2023 year-end inflation raised to 4.06% from 3.83%
  • 2022 year-end exchange rate raised to 3755 from 3750 COP/USD
  • 2023 year-end exchange rate raised to 3703 from 3661 COP/USD (ALL BBG)

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