Free Trial

BCCh Decision Precedes June Monetary Policy Report

CHILE
  • As of writing, fourteen analysts have submitted their forecasts for Tuesday’s decision. Nine are favouring a 75bp rate increase to 9%, whereas the remaining five expect a slightly bolder 100bp hike of the monetary policy rate to 9.25%.
    • Focus will quickly turn to the central bank’s June Monetary Policy Report which will be published on Wednesday, June 08.
  • Chile’s government is confident it will be able to undertake massive structural reforms without scaring away foreign investors, according to one of the nation’s top economic officials. (BBG)
    • “Our main message is that change is not the same as uncertainty,” Economy Minister Nicolas Grau, 39, said in an interview Monday in Ottawa. He spoke in Canada as part of an official visit by Chile’s left-wing President Gabriel Boric, who met with Prime Minister Justin Trudeau and investors before he travels to the Summit of the Americas in Los Angeles.
  • Data today includes May International Reserves, May Trade Balance and Nominal Wages for April.

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.