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BCCh Expected To Cut By 25bp To 5.75%

CHILE
  • The BCCh is expected to slow the easing pace further today and cut the overnight rate by 25bp to 5.75% (2300BST/1800ET). While options of both 25bp and 50bp may be on the table, the BCCh is likely to side with consensus expectations, as they did in May. The aggressive easing cycle to this point and a recent hawkish shift for both LatAm and global central banks further bolster the likelihood of a 25bp cut. The release of the monetary policy report on June 19 will be key in providing greater clarity on the short-term trajectory for central bank policy.
    • The full MNI preview with analyst views is here.
  • Meanwhile, Finance Minister Marcel is due to speak at the Council of the Americas’ Latin American Cities Conference in Santiago at 1400BST(0900ET). Codelco head Maximo Pacheco is also due to speak at 1500BST.

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