Economic news

Colombia central bank technical team raises 2024 inflation outlook to 5.7%

2024.08.02 18:54

BOGOTA (Reuters) – The technical team of Colombia’s central bank revised its inflation outlook for the year to 5.7, from a previous 5.5%, it said in a quarterly report published on Friday.

The new forecast is still above the specific long-term inflation goal established by the central bank, of 3%.

For 2025, the technical team expects inflation of close to 3%. The team’s considerations are taken into account by the bank’s board of directors for its monetary policy decisions.

© Reuters. FILE PHOTO: People walk through the Paloquemao market square, amid inflation reaching the highest figures in years, in Bogota, Colombia October 7, 2022. REUTERS/Luisa Gonzalez/File Photo

“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 said.

Colombia’s 12-month inflation through the end of June was 7.18%.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 97,479.12 1.06%
ethereum
Ethereum (ETH) $ 3,339.53 2.83%
tether
Tether (USDT) $ 1.00 0.09%
solana
Solana (SOL) $ 250.31 3.41%
bnb
BNB (BNB) $ 655.18 0.78%
xrp
XRP (XRP) $ 1.38 7.43%
dogecoin
Dogecoin (DOGE) $ 0.418752 6.38%
usd-coin
USDC (USDC) $ 0.999375 0.06%
cardano
Cardano (ADA) $ 0.988451 8.89%
staked-ether
Lido Staked Ether (STETH) $ 3,341.04 2.70%
tron
TRON (TRX) $ 0.207769 3.62%
avalanche-2
Avalanche (AVAX) $ 40.69 4.52%
stellar
Stellar (XLM) $ 0.509346 13.30%
the-open-network
Toncoin (TON) $ 6.08 4.71%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 7.79%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,961.14 2.59%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,373.09 0.64%
polkadot
Polkadot (DOT) $ 8.57 8.86%
chainlink
Chainlink (LINK) $ 17.47 2.99%
bitcoin-cash
Bitcoin Cash (BCH) $ 505.44 3.30%
weth
WETH (WETH) $ 3,341.63 2.70%
sui
Sui (SUI) $ 3.34 5.75%
pepe
Pepe (PEPE) $ 0.00002 5.21%
near
NEAR Protocol (NEAR) $ 6.80 6.17%
leo-token
LEO Token (LEO) $ 8.63 0.38%
litecoin
Litecoin (LTC) $ 95.75 6.41%
aptos
Aptos (APT) $ 12.09 8.48%
uniswap
Uniswap (UNI) $ 10.69 2.17%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,519.06 2.80%
hedera-hashgraph
Hedera (HBAR) $ 0.139743 11.03%
internet-computer
Internet Computer (ICP) $ 11.20 5.46%
usds
USDS (USDS) $ 0.998841 0.24%
crypto-com-chain
Cronos (CRO) $ 0.183812 8.57%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.549728 7.24%
ethereum-classic
Ethereum Classic (ETC) $ 28.14 6.88%
render-token
Render (RENDER) $ 7.93 0.70%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.50 2.37%
bittensor
Bittensor (TAO) $ 526.57 1.66%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
kaspa
Kaspa (KAS) $ 0.150221 3.82%
whitebit
WhiteBIT Coin (WBT) $ 24.39 1.57%
dai
Dai (DAI) $ 0.999352 0.07%
bonk
Bonk (BONK) $ 0.000046 7.35%
arbitrum
Arbitrum (ARB) $ 0.835542 5.52%
vechain
VeChain (VET) $ 0.042125 4.15%
blockstack
Stacks (STX) $ 2.27 7.42%
filecoin
Filecoin (FIL) $ 5.49 6.05%
okb
OKB (OKB) $ 55.01 6.82%
celestia
Celestia (TIA) $ 7.64 3.10%
cosmos
Cosmos Hub (ATOM) $ 8.34 9.74%