Rising public investment in reconstruction and infrastructure projects will support fixed investment this year, the latest FocusEconomics' LatinFocus Consensus Forecast report projected.
"Rising —but still moderate— inflation
, together with a falling unemployment rate, will underpin consumer spending, which will also benefit from favorable financing conditions," it added.
Thus, LatinFocus' panelists expect to see the monetary policy rate ending 2018 broadly unchanged at 2.81%. Likewise, they expect the rate will end 2019 at 3.53%.