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CHILE: BCCh Interest Rate Decision Due In One Hour

CHILE
  • A reminder that the central bank of Chile is widely expected to pause its easing cycle at 2100GMT(1600ET), holding the key rate at 5.00%, amid rising near-term inflation pressures.
  • Last month, the Board noted that latest inflation figures had exceeded the central bank’s forecasts, pointing to a possible pause in January and a slower pace of rate cuts beyond that.
  • However, weak internal demand means the central bank is still expected to keep the door open to further gradual easing towards neutral over the coming months.
    • The full MNI preview with analyst views is here.
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  • A reminder that the central bank of Chile is widely expected to pause its easing cycle at 2100GMT(1600ET), holding the key rate at 5.00%, amid rising near-term inflation pressures.
  • Last month, the Board noted that latest inflation figures had exceeded the central bank’s forecasts, pointing to a possible pause in January and a slower pace of rate cuts beyond that.
  • However, weak internal demand means the central bank is still expected to keep the door open to further gradual easing towards neutral over the coming months.
    • The full MNI preview with analyst views is here.