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BCCh Economists Survey Expects 50BP Cut Next Week

CHILE
  • In the latest economist survey from the BCCh, the year-end rate forecast is 8.50%, representing a 50bp cut next week. 2024 year-end rate forecast has been held at 5.00%.
  • The peso to trade at 850 CLP/USD in 11 months, and 840 in 23 months. On growth, 2023 year-end GDP forecast has been raised to -0.1% vs -0.3% and year-end 2024 forecast is held at 1.7%.
  • For inflation, consumer prices are seen rising 0.1% m/m in December. Both 2024 and 2025 year-end CPI forecasts are held at 3.0%.

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