In the Fedesarrollo Financial Opinion Survey (EOF) In September, the analysts consulted expect that at the end of the year inflation will close at 9.43% (with a range of 9.19% to 9.84%). Which indicates an increase compared to the previous version (9.20%), so inflation expectations remain outside the target range of the Republic Bank (2% – 4%).
In August, annual inflation reached 11.43%, higher than analysts’ expectations
(11.16%). For September, analysts believe that inflation will be at…
11% (ranging from 10.96% to 11.08%).
Read: Reasons why business confidence improved in July
In September, analysts responding to the EOF considered the exchange rate
It will be located in the range between $3,980 and $4,053 With $4,015 as the average response. By the end of 2023, They expect a price of $4,115, Which shows a decrease compared to
Forecast from the previous month ($4,120).
In addition, Growth expectations for 2023 ranged between 1.1% and 1.3%, with 1.2% as the average response. (Same data as in August 2023 edition). The average for 2024 was 2%, ranging from 1.5% to 2.3%.
Read: Pension reform: Government maintains three minimum wages
Growth forecasts for the third quarter of 2023 were within range
Between 0.2% and 0.9%, with 0.5% as an average response (0.7% in the
August). Growth expectations for the fourth quarter of 2023 were at
1.1%.
In the September-December EOF, analysts expect the intervention rate to range between 13.25% and 12.50%., respectively. And they expect it too The intervention rate will be 8.50% in September 2024.
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