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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.
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Free AccessBCCH On Hold At 0.5%: Further Hawkish Tweaks
- BCCH On Hold at 0.5%: Further hawkish tweaks as committee eliminate 'several quarters' reference.
- Chile Central Bank kept interest rate unchanged at 0.5%. Furthermore, no changes were made to the unconventional liquidity and credit support measures. The decisions were adopted unanimously.
- Link to the full statement: https://www.bcentral.cl/documents/33528/133205/mpm13052021.pdf/0ce0f7a2-0356-429c-3c39-d5558a564310?t=1620943470120
- The board were upbeat and assessed the overall international outlook is evolving positively with global growth projections continuing to strengthen.
- However, "inflationary concerns have increased amid higher headline inflation, stronger cost pressures and significant demand stimuli, especially in the United States, which has caused some volatility in the financial markets."
- The Board considers that the outlook for economic recovery has improved. This, together with an improved global scenario, reduces downside risks. MPR will be kept at its minimum of 0.5% for as long as it is deemed necessary for the recovery of the economy to take hold.
- May meeting minutes - 31 May.
- Next Monetary Policy Meeting - 8 June.
To read the full story
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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.