This Tuesday the Foundation for Higher Education and Development (Fedesarrollo) published its Financial Opinion Survey, which allows monitoring the expectations of analysts on the main macroeconomic variables and financial. These were the results.
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Respondents expect the downward trend in inflation to continue over the coming months until at the end of 2023 with 9.15 percent and remembering that for this month of May the indicator stood at 12.59 percent.
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Along the same lines, it was predicted that the country would have it would grow in 2023 in a range between 0.8 percent and 1.5 percent. In the case of 2024, the projections indicated that growth will be in a range between 1.8 percent and 2.5 percent.
Rates are expected to remain at 13.25 percent in August and close this year at 12 percent.
WEATHER / Courtesy
Regarding interest rates, the outlook also looks relatively encouraging, since it is expected that at the next meeting in which the country’s monetary policy is decided, rates remain at 13.25 percent in August and close this year at 12 percent.
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Another worrying factor is the price of the dollar, analysts expect the Market Representative Rate (TRM), for May it is located between 4,521 pesos and 4,626 pesos, with 4,589 pesos as the median response. The analysts added to the projections that the TMR is at 4,623 pesos in August 2023 and 4,600 pesos in December.
Finally, the projections against the debt spread (EMBIG Colombia), is defined as the difference between the yield of Colombian securities are varied. “The percentage of analysts who believe that the debt spread will result in the next three months was 25.0 percent. For their part, 35.7 percent expect it to decrease, while the remaining 39.3 percent expect the spread to remain the same,” the document says.
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