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BCCh Economist Survey Revises Year-End Rate Forecast Higher

CHILE
  • The Chilean central bank latest survey of economists now sees the 2023 year-end rate forecast at 8.50% vs 8.00% last survey. Despite inflation expectations for year-end 2023 being revised lower, longer-term expectations have seen a marginal upward adjustment.
  • Consumer prices to rise 0.4% m/m in April
    • 2023 year-end inflation lowered to 5.1% vs 5.2% last survey
    • 2024 year-end inflation raised to 3.5% vs 3.4%
  • GDP:
    • 2023 forecast raised to -0.5% vs -0.8% last survey
    • 2024 forecast lowered to 1.9% vs 2.1%
    • 2025 forecast lowered to 2.2% vs 2.3%

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