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Banchile Raise 2021 Chile Growth Est. Citing Consumer Demand

CHILE
  • Forecast increased to 7.6% from 7% in 2021 with domestic demand growth est. rising to 12.5% from 11.8%.
  • 2021 inflation est. raised to 3.7% from 3.5% (global oil prices will continue to drive gasoline prices for longer than previously anticipated).
  • Following the July BCCh meeting, they expect gradual increase of the MPR to 1.25% by December, rising to 2% by Dec. 2022.
  • CLP exchange rate seen at 746/USD by end 2021 vs. previous 726/USD.

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