In addition, they predicted that consumer prices would reach 0.1% in January and 0.2% in February. At the same time, the interest rate is expected to reach 3.25% in June.
According to the Financial Institutions (EOF) study published two weeks ago by the Central Bank, most of the experts predicted that at the monetary policy meeting next week the interest rate will rise to 3% from the current 2.75%. At the same time, they estimate that the rate will reach 3.25% by June this year. This means two increases of 25 basis points.
According to experts, the monetary policy rate will remain at 3.25% by the end of 2019, so by 2020 it will reach 3.50%, and by 2021 will be 4%.
This trajectory expected by market agents is in line with what the President of the Central Bank, Mario Marcel, said in the latest monetary policy report that the normalization of the MRP will follow a gradual and cautious strategy with gradual and predictable adjustments of the type of rector , which provides the necessary time for adjustment of economic agents.
In addition, experts said that in January consumer prices will rise by 0.2% and 0.1% in February. In March, inflation will reach 0.3%.
In this way, the financial operators consulted by the issuer predict that inflation will close by 2.8% in 2019 and reach 3% by 2020, which is the target range of the Central Bank.
As for the exchange rate, they calculated that the dollar will be on average 670 pesos over the next seven days and will remain at this rate for the next 28 days.