Free Trial

BCCh Minutes Due At 1330BST/0830ET

CHILE
  • The central bank is due to publish the minutes to its June 18 monetary policy meeting at 1330BST(0830ET) today. At that meeting, the BCCh cut its policy rate by a smaller 25bp to 5.75%, in line with expectations, noting that the bulk of the cuts for this year have now been completed.
    • The full MNI review of that meeting with analyst views is here.
  • To recap, the decision was split, with Director Griffith-Jones voting for a further 50bp cut, so analysts will be looking for discussions around this and the reasons the other members gave for slowing the easing pace, and also whether any consideration was given to pausing the cycle. With electricity price hikes due in H2, attention will also be on any discussions that were had around the balance of risks to inflation.
  • On this, Finance Minister Marcel said before congress yesterday that increase in electricity prices will stoke inflation in H1 2025, but won’t have a lasting effect on prices.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.