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Economy / Ecuador

Macroeconomic Forecast Ecuador

March 2012 | Macroeconomic Forecasts

BMI View: Consumer price inflation ticked up to 5.5% y-o-y in February 2012, from 5.3% the previous month, as loose monetary policy keeps upside pressure on prices. The dollarized nature of Ecuador's economy should keep price pressures capped over the course of the 2012, to the extent that we anticipate the headline inflation rate to cool to 3.0% by year-end. Nevertheless, if the authorities' opt to pursue more aggressive money supply growth in the run up to the 2013 general elections, we may well be encouraged to revise up our inflation forecast.

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