Indicadores del informe
Tasa de Política Monetaria (TPM)
4,5%
Consumer Price Index (CPI)
3,9%
Projections
Proyecciones macroeconómicas
How the Central Bank's projections for CPI inflation, GDP growth and the monetary policy rate have evolved
Inflación a December
Proyección IPoM, expectativas EEE e inflación efectiva
IPoM projection
Year-end
EES
Actual 12-month CPI
3% target
How to read it: The blue line shows the Central Bank's projection in each IPoM for December 2026 CPI inflation. The large circle is the year-end estimate. The orange line is market expectations (EES). The grey line is actual 12-month inflation. The dotted green line marks the 3% target.
Crecimiento del PIB
Central Bank projection range, EES and actual GDP
IPoM range
IPoM year-end
EES
Actual GDP
How to read it: The light blue band shows the Central Bank's projection range in each IPoM for 2026 GDP. The circle is the point estimate for the year-end. The orange line is market expectations (EES). The green diamond in December is actual GDP growth.
Actual MPR (dotted grey line) and EES market expectations for December of each year (blue lines)
Monetary Policy Rate
Análisis temático
Menciones temáticas en los resúmenes del IPoM
Normalised frequency of mentions per 1,000 words of the executive summary
Menciones de inflación frente al IPC efectivo
Inflation mentions normalised per 1,000 words (left axis) and year-on-year CPI change, % (right axis)