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BCCH Deem It 'Necessary To Recalibrate Policy'

CHILE

BCCH deem it "necessary to recalibrate the expansiveness of monetary policy going forward"

  • MPC leaves the monetary policy interest rate at 0.50%, in a unanimous decision.
  • Link to statement: https://www.bcentral.cl/c/document_library/get_fil...
  • Additional boost to private spending from fiscal stimulus, pension withdrawals, and the better adaptation of the economy, significantly improve the outlook for activity in 2021, in a context of somewhat more favourable external conditions.
  • The strong dynamism already present in consumption and the additional boost to private spending are an important change for the macroeconomic scenario of the coming months, which makes it necessary to recalibrate the expansiveness of monetary policy going forward. Issue to be addressed in the June Monetary Policy Report to be published today at 0900 local time/1400 BST.
  • The June IPOM will contain the projections and analyses that support the Board decisions, together with the reestimation of the structural parameters.
  • Minutes will be released at 8:30, Wednesday 23 June 2021. The next Monetary Policy Decision/Statement on Wednesday 14 July 2021.
EM BulletHomepageChina Market NewsBulletEmerging Market News
EM BulletHomepageChina Market NewsBulletEmerging Market News

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