Experts foresee the end of the year with inflation of 5.1% and decreases in the Monetary Policy Rate

He Banco Central (BC) released on Tuesday the results of the Economic Expectations Survey April 2023, which shows the market forecasts regarding inflation, Gross Domestic Product (GDP), dollar priceamong other figures.

In general terms, experts anticipate inflation above the data from the regulatory body, together with the maintenance of the Monetary Policy Rate (TPM). In addition, the exchange rate is expected to be around $815 in two months y $810 within the next 11 months.

With respect to IPCa variation of the 0.40% for April and MarchWhile for end of the year one was anticipated 5,10% of inflation, moving away from BC expectations which expects to end 2023 with a horizon of 4.6% in its March Monetary Policy Report.

Related to the above, it is expected that the TPM stay in a 11,25% at the next two council meetings, to close at the end of the year in a 8,5%.

In this way, possible drops in the interest rates of the various banking houses might be expected at the end of the second half of 2023.

About him IMACEC at 12-month variation is expected to be shrink 1.0%Meanwhile he GDP of 2023 would be a -0,50%, close to -0.7% calculated by the World Bank. By December 2024 it would reach 1.90% and in 2025 2.20%.

Lastly, it is expected that household consumption be located in a -3,50%to move to green numbers in 2024 with 1.60%.

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