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BCCh Economist Survey Results Published

CHILE
  • According to the monthly economists’ survey from the Central Bank, the 2023 year-end rate forecast has been held at 7.00%. The policy rate is expected to drop to 7.75% in 11 months, and fall again to 5.00% in 23 months.
  • Peso to trade at 860 CLP/USD in 11 months, and 850 in 23 months
  • For GDP, 2022 forecast raised to 2.5% vs 2.3%, 2023 forecast lowered to -1.5% vs -1.4% and 2024 forecast held at 2.1%.
  • Consumer prices are expected to rise 0.5% m/m in December. 2023 year-end inflation lowered to 5.0% vs 5.1% last survey and 2024 year-end inflation held at 3.3%.

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