The 12-month inflation expectations of economic and financial system analysts were reduced from 3.15% in November to 2.83% in December 2023, the
Central Reserve Bank (BCR) has reported.
Thus, inflation expectations for 12 months' time returned to the target range after 30 months, after June 2021.
According to the December Survey on Macroeconomic Expectations, inflation expectations for 2024 were lowered to a range of 2.7% to 3.5%.
The expectations of analysts, financial institutions and non-financial companies remained within the inflation target range for 2025.
In December, analysts and financial institutions forecast showed a reduction in GDP for 2023 to a range between -0.5% and -0.2%.
Moreover, the groups consulted expect the economy to grow between 2.0% and 2.5% by 2024, and between 2.6% and 3.0% by 2025.
On the other hand, expectations for the exchange rate in December are between S/3.78 and S/3.80 per U.S dollar by the end of 2024.
In 2025, the exchange rate is expected to close between S/3.78 and S/3.85 per U.S. dollar.
Furthermore, most indicators of business expectations recovered in December.
In particular, 3- month economic and sector expectations improved, as did all 12-month indicators. Of the 18 indicators for the month, 6 were in the optimistic range.
(END) NDP/RMB
Published: 1/7/2024