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BCCh IMF Event Follows Unchanged Decision Friday

CHILE
  • IMF's Gopinath holds an event with the BCCh's VP Garcia to discuss the economic challenges facing Chile and the central bank. The event begins at midday local time (1700BST). The event follows the unchanged BCCh decision on Friday (as expected).
  • Board members voted unanimously to keep rates at 11.25% and retained the key wording from the last statement - that rates would remain on hold in the interim, however removed references to the economy adapting more slowly than previously forecast.
  • The bank noted the stubbornness of core inflation vs headline inflation, stating that while core CPI slowed, it was by less than headline inflation itself.
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