Expectations of hiring of 3-month personnel went to the optimistic stage in November

The Central Reserve Bank of Peru (BCRP) reported that in its latest survey of macroeconomic expectations carried out in November, it revealed that 9 indicators, out of a total of 18, were located in the segment optimistic, while in the previous month this figure was 10.

Although most indicators showed a decrease, an improvement was reflected in the expectations of hiring personnel at 3 months, which reached 50 points, and thus went from pessimistic to optimistic last November.

Meanwhile, the current situation indicators show mixed results, while those for expectations at 3 and 12 months mostly show a decrease, compared to the previous month, with the exception of hiring of personnel at 3 and 12 months.

Regarding inflation expectations, economic agents estimate that for this year they are between 4.1% and 5.8%, a reflection of the recent increase in the rate of inflation due to transitory supply factors. For the year 2022, the expected inflation rate is above the target range (between 3.2% and 3.6%), while for 2023 it is between 2.8% and 3.0%, within the target range.

While the expectations of inflation At 12 months, economic analysts and the financial system went from 3.61% in October to 3.71% in November. “These inflation expectations have been located 84% of the time within the target range in the last 20 years,” says the BCRP.

Finally, the expected exchange rate surveys for the month of November show levels between S / 4.00 and S / 4.10 per dollar for 2021; and between S / 4.01 and S / 4.25 per dollar for the next two years.

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