Tuesday , January 19 2021

Experts raise the calculation of GDP growth in China by 3.6 percent in 2019

Analysts also expect the issuer to raise interest rates to 3% at the next meeting monetary policy to reach 3.25% in May. This will be another year without inflationary pressures for the Chilean economy.

The experts consulted by the Central Bank estimate that the Chilean economy will grow by 3.6% in 2019, below 4% expected at the end of the year, thereby confirming the cooling signs of activity.

The findings of the December Economic Outlook Survey, on the other hand, show an improvement over the November calculation, with experts expecting an expansion of 3.5%. This forecast is consistent with the central bank's optimism, according to the latest monetary policy report.

By 2020, the forecast remained at 3.5%.

With regard to prices, the respondents estimated an additional index of 0% for December and that the cumulative inflation in 2019 will be 2.9%, still below the center of the central bank target. According to forecasts, the Chilean economy will not tolerate inflationary pressures until 2020, when inflation will average 3%.

Analysts also expect the issuer to raise the interest rate to 3% at the next meeting monetary policy to reach 3.25% in May, up 25 basis points against the forecast of 3% for the five-month horizon of the previous survey.

With regard to the exchange rate, there are no greater differences in relation to the November survey, and they kept the forecast for the dollar at $ 670 over two months, and $ 660 in 11 months.

It should be remembered that this monthly survey is carried out by a select group of academics, consultants and managers or consultants of financial institutions. This closes the day after the IPC knowledge of the previous month, or IMACEC of the previous two months, according to the latest known, and the results are published the day after receipt, at 8:30 hours.

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