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BCCh Expected Unchanged at 11.25%

CHILE
  • The BCCh is expected to keep the policy rate unchanged at 11.25% today (2300BST/1800ET).
  • Despite headline inflation receding, central bank rhetoric combined with the persistence of high core inflation and inflation expectations solidifies the likelihood of the committee maintaining its current stance of monetary policy.
  • However, several analysts are expecting that upcoming meetings will become much closer calls, and therefore the statement will be closely scrutinised for clues on when monetary easing could be expected.
  • See the full MNI preview here: https://roar-assets-auto.rbl.ms/files/52832/MNI%20...

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