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BCCh Decision In Focus, Expecting Largest Hike In Over 20 Years

CHILE
  • Eight of the 17 economists surveyed by Bloomberg expect a 200 basis points hike to 7.5%; six others expect a hike of 150 basis points and three see the bank raising rates by 175 basis points.
  • The full MNI preview with analyst views can be found here: https://marketnews.com/mni-chile-central-bank-preview-mar-2022-potential-for-200bp-hike
  • After concluding their visit to Chile, IMF Staff say Chile Economic Recovery is well underway:
  • Chile economic activity exceeds pre-pandemic levels, IMF staff member Ana Corbacho said in a statement following a visit to the country.
  • The ongoing removal of macroeconomic stimulus will help mitigate risks and inflationary pressures.
  • Global risks and uncertainty are elevated, including from the war in Ukraine and its global ramifications.
    • Very strong fundamentals and policy frameworks promote Chile’s resilience and capacity to respond to shocks.

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