Colombia’s central bank (BanRep) released its October Monthly Economic Expectations Survey, revealing a reduction in inflation expectations. Analysts predict inflation at 5.5% by the end of 2024, down from the previous estimate of 5.6%, and stable at 3.8% for 2025. A 75 bps rate cut is anticipated at the October meeting, with an additional 50 bps by the end of the year, potentially bringing the policy rate to 9% by December.