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BCCh Head Costa Acknowledges Significant March Inflation Surprise

CHILE
  • Chile’s central bank will be analysing the March inflation print with caution, BCCh President Rosanna Costa said in an online conference following the release of the March meeting minutes.
    • Costa said the March inflation reading represents a significant data point.
    • Inflation is high and will keep rising in short-term and risks for inflation to converge to target remain.
    • Says effects from government’s restricted pension withdrawal proposal would be more limited.
    • The Chilean peso leads regional gains on Wednesday with USDCLP falling below last friday's low to around the 800 mark.

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