ANL 10.96 Decreased By ▼ -0.16 (-1.44%)
ASC 10.05 Increased By ▲ 0.07 (0.7%)
ASL 12.05 Increased By ▲ 0.20 (1.69%)
AVN 71.10 Decreased By ▼ -0.14 (-0.2%)
BOP 6.00 Increased By ▲ 0.05 (0.84%)
CNERGY 5.27 No Change ▼ 0.00 (0%)
FFL 7.15 Increased By ▲ 0.45 (6.72%)
FNEL 6.15 Increased By ▲ 0.05 (0.82%)
GGGL 11.75 Decreased By ▼ -0.11 (-0.93%)
GGL 15.85 Decreased By ▼ -0.07 (-0.44%)
GTECH 9.30 Decreased By ▼ -0.05 (-0.53%)
HUMNL 6.61 Increased By ▲ 0.05 (0.76%)
KEL 2.55 Decreased By ▼ -0.03 (-1.16%)
KOSM 3.06 No Change ▼ 0.00 (0%)
MLCF 28.60 Decreased By ▼ -0.10 (-0.35%)
PACE 2.98 Decreased By ▼ -0.01 (-0.33%)
PIBTL 6.04 Decreased By ▼ -0.05 (-0.82%)
PRL 15.66 Increased By ▲ 0.61 (4.05%)
PTC 7.30 Increased By ▲ 0.13 (1.81%)
SILK 1.31 Increased By ▲ 0.07 (5.65%)
SNGP 26.50 Increased By ▲ 0.35 (1.34%)
TELE 10.82 Decreased By ▼ -0.13 (-1.19%)
TPL 9.03 Decreased By ▼ -0.02 (-0.22%)
TPLP 15.85 Decreased By ▼ -0.07 (-0.44%)
TREET 29.90 No Change ▼ 0.00 (0%)
TRG 75.70 Decreased By ▼ -1.30 (-1.69%)
UNITY 22.42 Decreased By ▼ -0.03 (-0.13%)
WAVES 13.50 Increased By ▲ 0.55 (4.25%)
WTL 1.62 Increased By ▲ 0.07 (4.52%)
YOUW 5.02 Decreased By ▼ -0.02 (-0.4%)
BR100 4,281 Increased By 8.1 (0.19%)
BR30 14,910 Increased By 12.9 (0.09%)
KSE100 43,101 Increased By 117.3 (0.27%)
KSE30 16,367 Increased By 17 (0.1%)

BOGOTA: Colombia's central bank will hold its benchmark interest rate steady at 4.25 percent until at least March 2019, because inflation and growth expectations are close to their respective targets, a Reuters poll showed on Friday.

The 22 analysts surveyed agreed the seven-member board would vote unanimously to hold the rate for a seventh consecutive month at the Oct. 26 meeting.

Analysts' inflation expectations for this year increased moderately to 3.30 percent in the survey, up from 3.27 percent in September's poll, though they remain close to the bank's long-term target of 3 percent.

Inflation predictions for full-year 2019 were also up - to 3.33 percent compared with 3.2 percent in the most recent survey.

"Even if in the very short-term upward price risks seem to be controlled, a possible tax reform which could affect VAT may start to push expectations up," said Andres Naveros, analyst at Grupo Bancoldex.

Consumer prices will be up 0.11 percent in October, those polled said, taking 12-month inflation to 3.31 percent.

Economic growth estimates were up slightly to 2.7 percent, matching the government's growth prediction, from 2.6 percent in last month's survey.

Expansion expectations for next year also increased to 3.35 percent, from 3.2 percent last month. The increase comes after the International Monetary Fund slightly raised its outlook on Colombia last week.

Copyright Reuters, 2018
 

 

 

 

Comments

Comments are closed.