Tuesday , October 19 2021

Financial operators are projecting a rise in the interest rate to 3% in January



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In addition, they projected that consumer prices will reach 0.1% in January and 0.2% in February. At the same time they projected that in June the interest rate will reach 3.25%.


According to the Survey of Financial Operators (EOF), published bi-monthly and issued by the Central Bank, most of the experts that participated projected that at next week's monetary policy meeting the interest rate will rise to one 3% of the current 2.75%. At the same time, they estimated that the rate will reach 3.25% by June this year. That is, two 25 point base hikes.

According to the experts' view, the Monetary Policy Rate would remain at 3.25% by the end of 2019, so that in 2020, it reaches 3.50% and since in 2021 it is 4%.

This path expected by market agents is consistent with what was pointed out by the president of the Central Bank, Mario Marcel, who in the last IPoM indicated that the normalization of the TPM will be following a strategy of gradual and cautious, with gradual and predictable adjustments of the type rector, who grant the necessary time for the adjustment of the economic agents.

In addition, the experts indicated that consumer prices will increase by 0.2% in January and 0.1% in February. In March inflation will reach 0.3%.

In this way, the financial operators consulted by the issuing entity projects that in 2019 inflation closes by 2.8%, while in 2020 it would reach 3%, which is the central bank's target range.

As for the exchange rate, they estimated that the dollar will be at 670 pesos averaged over the next seven days and will remain at that exchange rate in the next 28 days.

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