# Latam Daily: BanRep May Analysts’ Survey Raises Short-Term Inflation Outlook | Post

> 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.

- Date: 2021-05-19 · published 2021-05-19T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/47397-latam-daily-banrep-may-analysts-survey-raises-short-term-inflation-outlook-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.daily-publications.latam-daily.latam-daily.2021-issues.-may-19-2021-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.