12-month-ahead inflation expectations of economic analysts and the financial system stood at 1.7% in November, thus remaining within the
Central Reserve Bank's target range (1%-3%) since May 2017, the issuing entity has reported.
For this year, inflation is expected to hover between 1.5% and 1.9%, and between 1.5% and 2% for 2021 and 2022, within the target range in all cases.
Economic analysts maintained their inflation forecast of 1.5% for 2020 unchanged between October and November.
The financial system increased its forecast from 1.2% to 1.5% between said months, while the non-financial sector lowered it from 2% to 1.9%
(END) NDP/JJN/RMB/MVB
Published: 12/7/2020