BOGOTA (Reuters) – The technical group of Colombia’s central financial institution revised its inflation outlook for the 12 months to five.7, from a earlier 5.5%, it mentioned in a quarterly report revealed on Friday.
The brand new forecast remains to be above the precise long-term inflation aim 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 into consideration by the financial institution’s board of administrators for its financial coverage selections.
“Within the the rest of 2024 and in the direction of 2025, ranges of financial exercise might proceed to recuperate, in an surroundings of exterior financing situations that step by step turn into much less tight and a much less restrictive financial coverage,” the report mentioned.
Colombia’s 12-month inflation by means of the tip of June was 7.18%.