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Bank of the Republic's May survey of analysts raised 2021 inflation projections to 3.23% year on year. Medium-term expectations stayed anchored near the 3% target.
Analysts expect a first rate hike by December 2021.
Higher expected inflation and a coming rate hike tighten Colombian monetary conditions, which can support the peso over time. The impact on feed prices is limited.
scotiabank.comMay 19, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
