The Banco de la República released its Monthly Survey of Economists' Expectations, forecasting year-end inflation at 6.32% and interest rates at 12.25%. These projections mark an upward revision from March. Experts anticipate a gradual moderation in subsequent years.
The Banco de la República published the results of its Monthly Survey of Economists' Expectations. The poll indicates year-end inflation at 6.32%, up from the 5.45% projected in March. For November, the forecast rose from 6.26% to 6.32%, with 5.70% expected in March 2027 and 4.23% in March 2028.
For inflation excluding food, analysts project 5.45% in April and 6.21% by year-end. Excluding food and regulated items, the cost of living is seen reaching 5.84% in April and peaking at 6.31% in December, settling at 4.60% by April 2028.
On monetary policy, the interest rate is expected to stand at 12.25%, above the previous month's 11.75% estimate. It would decline to 10.25% by December next year, signaling potential moderation in the current cycle.
These expectations highlight ongoing dynamics between the National Government and the Banco de la República's Board of Directors.
