cromo

Inflationary expectations of businessmen with a slight drop in September

Inflationary expectations of businessmen with a slight drop in September

Inflationary expectations of businessmen with a slight drop in September

Inflationary expectations of businessmen with a slight drop in September

Economy and Business > Price projections

Uruguayan companies project an inflation of 9% for the end of the year and there was a slight moderation for the two-year horizon

Reading time:

October 07, 2022 at 16:23

Uruguayan businessmen lowered their inflation expectations for the 24-month horizon, relevant for the monetary policy of the Central Bank (BCU). According to the Survey of Business Expectations for September released this Friday by the National Institute of Statistics (INE), businessmen project an inflation of 8% in median for that period, from 8.3% prior to August.

Anyway, the record is two points above the target range set by the Central Bank (BCU) between 3% and 6%.

While, inflation remains at 9% expected for the end of the year and 8.8% for the one-year horizon.

For its part, the inflation expected by the median of analysts in the 24-month horizon rose in September and stood at 7%, according to the BCU survey, that is, 1 percentage point above the ceiling of the target range (between 3 % and 6%) and far from the center of the range (4.5%).

This Thursday the Monetary Policy Committee increased the interest rate by 50 basis points to 10.75% and reiterated concern about the “rigidity” of inflationary expectations, although it also warned about the deterioration of world economic growth.

In the last 12 months ending in September, prices rose 9.95%.

REPORT BUG

Register for free and continue browsing.

Already registered? sign in here.

Go from informing yourself to forming your opinion.

Subscribe from US$ 3Four. Five / month

I chose your plan

You are about to reach the note limit.

Subscribe now to Inflationary expectations of businessmen with a slight drop in September

You have 3 free notes left.

Unlimited access from US$ 3Four. Five / month

This is your last free note.

Be part of Inflationary expectations of businessmen with a slight drop in September from US$ 3Four. Five / month

You reached the limit of free notes.

I chose your plan and access without limits.

See plans

Exclusive content from

Inflationary expectations of businessmen with a slight drop in September

Be part, go from informing yourself to forming your opinion.

If you are already a Member subscriber, log in here

Charging…

Source link

Previous Story

Black gold or devil’s excrement?

Next Story

Community of Arroyo Toro-Bonao asks the Government to pave that community

Latest from Uruguay

last of the year

Senate will vote “in the next few days” project to repair victims of the guerrilla Senator