The Bank of the Republic of Colombia recently released the results of its monthly expectations survey, in which it asks market analysts for their forecasts regarding macroeconomic data. This survey updates month after month what specialists on the subject expect, in terms of inflation, interest rates in the country, and the exchange rate.
According to the latest survey, analysts on average expect inflation to close 2024 at 5.62%, slightly higher than the 5.60% that was predicted in the March survey of this year. Meanwhile, for the end of 2025, the variation of the Consumer Price Index (CPI) is expected to close at 3.90%, the same as projected in the third month of the year.
In terms of monthly data, the Colombian central bank survey estimates that the market expects an average variation in April of 0.57%. This survey is a valuable tool for analyzing monetary policy transmission channels and gauging the degree of anchoring of inflation expectations.
The US dollar, a key global currency, saw a slight increase this Tuesday. The currency has been on an upward trend for the past two weeks, reaching a peak of $3,950 on April 16. However, it closed at $3,917 at the end of trading, showing some moderation in its price after a strong start.
The fluctuation of the dollar is notable, with a maximum value of $3,950 and a closing minimum of $3,917. This behavior of the dollar could have an impact on Colombian consumers who rely on imported products or whose prices are linked to this currency, as it directly affects the final cost of these goods.
Monitoring the evolution of the dollar is crucial in the current economic context, as it has implications for inflation and the purchasing power of consumers. With the dollar’s importance in international markets, its movements are closely watched by economists and analysts alike.