Analysts expect Banco de la República rate to rise to 12.50% in October
Most analysts surveyed by ANIF expect Banco de la República to raise its interest rate by 25 basis points in October to 12.50%. The survey, conducted between October 13 and 16, shows 13 of the 19 entities consulted (68.4%) anticipate the increase, while six (31.6%) expect it to stay at 12.25%. The backdrop is annual inflation of 6.29% in September, 2.29 points above the upper limit of the 4% target range.
In 40 seconds
- 13 of 19 entities surveyed by ANIF expect a 25 basis point hike to 12.50%; six expect the rate to stay at 12.25%.
- Annual inflation was 6.29% in September, versus 6.24% in August, and is 2.29 points above the upper limit of the 4% target range.
- Services and food accounted for 72% of annual inflation, with variations of 7.2% and 6.7% respectively.
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IASummary generated by artificial intelligence from a story by La FM. It may contain errors: the original source prevails.
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