May 23, 2024 21:00 GMT
BCCh Interest Rate Decision Due At 2300BST
CHILE
- As a reminder, the central bank of Chile is widely expected to slow the easing pace further and cut the overnight rate by 50bp to 6.00% in one hour. Increased uncertainty over the macro outlook and recent upside inflation surprises have prompted the central bank to adopt a more cautious stance as it moves into the latter stages of its easing cycle.
- That said, the recent appreciation of the Chilean peso on the back of the surge in the copper price should ease concerns about the inflation outlook and reduces the need for any major shift in the policy stance at this juncture.
- The full MNI preview with analyst views is here.
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