Considering the more favorable trend of private spending and households’ early access to private pension funds, output growth forecast for 2022 has been raised to 2,3%, while that for 2023 remains at 2,8% given that the deterioration of the external environment is expected to be offset by the recovery of mining production.
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The Consumer Price Index for the city of Lima increased 0.96% MoM in April. This is a result of the increase in the prices of food and non-alcoholic beverages and transportation, in a context of higher international prices of foodstuffs and fuels.
The Board of the Central Bank decided to increase the monetary policy rate from 4.00% to 4.50% in April. The Bank now expects inflation to return to the target range between the second and third quarter of next year.
The Federal Reserve reduced its policy rate on July 31, turning its speech earlier this year when it argued the need for additional increases. Similar steps have been taken by other economies, should Colombia follow? Not necessarily because the…
Last week we launched our latest revision of forecasts for the global economy and the local economy. Colombia will be able to consolidate its growth in this challenging scenario during 2019. The outlook shows inflation staying very close to the…