• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Analysts expect 12.50% rate, 6.87% inflation and a $3,250 dollar by year-end

FinanceColombiaRevista Semana35 s readAI summary
Image: Revista Semana

Experts surveyed in October for Fedesarrollo's and the Colombian Stock Exchange's Financial Opinion Survey expect an additional 25-basis-point hike in the Banco de la República rate in October, to 12.50%, a level that would hold through December. They estimate inflation at 6.37% in October and 6.87% at year-end, above the 2% to 4% target range. The dollar would average $3,190 this month and rise to $3,250 by year-end.

In 35 seconds

  • The Banco de la República interest rate would rise 25 basis points in October, from 12.25% to 12.50%, and hold through December
  • Monthly inflation in October would stand at 6.37% and year-end inflation at 6.87%, above the 2% to 4% target range
  • The dollar would average $3,190 in October and reach $3,250 at year-end
Read the full story at Revista Semana

IASummary generated by artificial intelligence from a story by Revista Semana. It may contain errors: the original source prevails.

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