Entrepreneurs are optimistic about sales and jobs

Market expects interest rate hike

84.4% of the analysts expect that the intervention rate of the Banco de la República will settle at 6.0% at the end of the month. This was stated by market participants in the Fedesarrollo Financial Opinion Survey (EOF) for the month of April.

(Read: Reasons why Colombia’s GDP will be one of the strongest in 2022).

For their part, there is 6.3% who predict an increase up to 5.75% and another 3.1% which is expected to reach 6.5%. And only 6.3% expect it to remain at 5.0%.

The survey also showed that in April, the growth forecast for 2022 was in a range between 4.4% and 5.4%, with 4.6% as the median response.

On the inflation side, it is expected that in Apriland located at 8.7%according to the market average, and to close the year at 7%, above last month’s projection, which was 6.4% in March.

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