Free Trial

50bps Rate Hike on the Cards for BCCh

LATIN AMERICA
  • The Chilean Central Bank are widely expected to hike the key interest rate by 50bps to 1.25%, but some analysts see a risk of a hike of as much as 75bps.
  • Inflationary pressures, an uncertain political backdrop and a weakening Peso may contribute to a more hawkish tone. Another accelerated round of pension withdrawals would add to the argument for expedited policy normalization.
  • Our full preview here: https://roar-assets-auto.rbl.ms/documents/11694/MN...
  • Elsewhere, Chile have eased further their COVID activity restrictions, with the curfews shifting to midnight to 5am (from 10pm previously).
  • Colombia's central bank and finance ministry hold a press conference at 2pm local time today, due to discuss the use of the $2.8bln in IMF SDRs that the central bank is due to transfer to the government.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.