Analysts consulted by the Central Bank of Uruguay lowered the value of the US currency by 1.5% compared to what was expected last month.
He Central Bank of Uruguay (BCU) reported the results of the Economic Expectations Survey(EEE), published today, where analysts revised downwards the projection on the value of the dollar, which in this way would close the year below 40 pesos.
In the EEA, the expected median on the price of dollar It is 39.50 pesos by the end of 2023, above its current value. Furthermore, this figure represents a 1.5% reduction with respect to the value expected last month for the exchange rate at the end of the year, which was 40.10 pesos.
Regarding the forecasts, the market The US currency is expected to reach 40.20 pesos by the end of May next year, with 39.05 as the lowest response and 41.05 pesos as the highest.
In turn, a growth is expected that would take it to 41.60 pesos in December 2024, where the answers vary much more, since they range from 38.50 pesos to 43.90 pesos. Precisely, the median value of dollar for December 2025 it is 43.95 pesos, with responses that ranged between 38.50 pesos and 45.80 pesos.
What happened to inflation expectations?
On the other hand, the inflation expectations They corrected slightly downwards in the short, medium and long term. The fact is that, according to analysts, the CPI will close 2023 with 5%, a reduction of 20 basis points compared to the previous survey of the BCU.
Meanwhile, the inflation forecast for 2024 was in the order of 6.4%, 10 basis points less than in last month’s report, identical cut to what was expected for 2025, a period for which the market anticipates an inflation of 6%.
Source: Ambito
