By: VALORA ANALYTICS
Provision of economic, political, financial and stock market information
This article was curated by Leonardo Olaya Feb 21, 2024 – 7:15 am
Visit website
Interest rates in Colombia are going to be reviewed again by the Board of Directors of the Bank of the Republic at the end of March. Analysts now expect the issuer’s monetary policy to ease more strongly.
The above, after the Dane announced that the country’s economic activity At the end of last year, it was much more affected and decimated when compared to the expectations that national market analysts had.
(See also: Loans and credit card purchases would make many happy in 2024; figures are exciting)
With this, the call for attention is once again a loss of Interest ratesalthough for this occasion a reduction of around 25 basis points would not be enough for Colombia.
Given that the country’s economic activity has been severely decimated, and this could be a complex problem for growth and job creation, the request revolves around advocating for drops of around 100 points.
The above would lead the national economy to see the opportunity to improve on two fronts: increase in consumption and a greater appetite for investment.
What else is coming for interest rates in Colombia?
The most recent Fedesarrollo survey shows that analysts no longer expect a drop of 50 basis points, but rather around 100, which would lead to the indicator landing at 11.75% at the end of the first quarter of the year. 2024.
Read Also
This level will lead to the interest rates in Colombia close the year at 8%, which is the perspective that the market has had since last year.
The Government of President Petro and former ministers like José Antonio Ocampo They have explained that the call to reduce interest rates is urgent to the extent that it is seen that this monetary policy is taking its toll on the country’s GDP, which is a situation that generates concern about what this represents for the income of Colombian households.
Recommended: Analysts see interest rates in Colombia dropping 100 points as of May; inflation moderates
Read all the economic news today here.
2024-02-21 12:46:05
#big #change #people #credit #cards #loans
