BOGOTA (Reuters) – The technical group of Colombia’s central financial institution revised its inflation outlook for the yr to five.7, from a earlier 5.5%, it mentioned in a quarterly report printed on Friday.
The brand new forecast remains to be above the precise long-term inflation purpose established by the central financial institution, of three%.
For 2025, the technical group expects inflation of shut to three%. The group’s concerns are taken under consideration by the financial institution’s board of administrators for its financial coverage selections.
“In the remainder of 2024 and towards 2025, levels of economic activity could continue to recover, in an environment of external financing conditions that gradually become less tight and a less restrictive monetary policy,” the report mentioned.
Colombia’s 12-month inflation by means of the top of June was 7.18%.
