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Economy / Ecuador

Macroeconomic Forecast Ecuador

May 2010 | Macroeconomic Forecasts

BMI View Official inflation dropped to 3.21% y-o-y in April, from 3.35% the previous month, supporting our view that a significant output gap will keep inflationary pressures from becoming a concern for policymakers in 2010. At present we are pencilling in headline consumer price inflation (CPI) to hit just 3.50% by end-2010, with risks evenly balanced, as any increase in prices due to supply bottlenecks are likely to be counterbalanced by a dearth of credit in the country's dollarised economy.

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