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BCCh President Costa Reiterates View Of Holding Present Rate Level

CHILE
  • While speaking with Bloomberg TV, Chile's central bank president, Rosanna Costa, has reiterated that the BCCh will not act hastily regarding monetary easing. She restated that the board will not cut rates until underlying inflation is on a clear downward trend.
    • “We are worried about making hurried decisions and the fact that inflation and inflation expectations could bounce back,” Costa said while in Washington DC for the International Monetary Fund’s Spring Meetings. “That cost would be tremendously high.”

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