BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BCCh Economist Survey Sees Rates Unchanged At April Meeting

CHILE
  • Economists in Chile are forecasting the key rate to be left on hold at the BCCh’s next meeting on April 04 and then to be cut by 25bps to 11.00% at the following meeting, then falling to 10.00% in five months.
  • Within the central bank’s monthly survey, the 2023 year-end rate forecast was raised to 7.50% vs prior estimate of 7.00%.
  • On inflation, consumer prices are expected to rise 0.4% m/m in February, with 2023 year-end inflation projected at 5.3% vs 5.0% last survey. 2024 year-end inflation was held at 3.3% and all GDP projections were held steady compared to the January survey.
  • Regarding the BCCh minutes, despite one Board member discussing a small cut as a valid option citing CLP appreciation helping the downward trend for inflation, it was deemed not enough information was presently available. Therefore all five Board members agreed that there was no reason to believe that the convergence of inflation to the 3% target was consolidated, keeping “the only plausible option was to keep the MPR at 11.25%.”
  • A very light docket next week, with just the BCCh traders survey scheduled for Tuesday.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.