Fynsa
In recent months, the increase in tourist arrivals has boosted consumption in various sectors; however, this "respite" is expected to be temporary and does not reflect a structural improvement in the local economy.
If we believe that the Central Bank will do everything necessary to achieve its goal, then market prices would not be consistent.
The monetary policy strategy should remain unchanged, while the tightening cycle will continue at a less aggressive pace than in the past, with 25 bp cuts in October and December. Thus, the TPM would close the year at 5.00%.
