Free Trial

BCCh President Costa Says Future Easing To Incorporate Global Outlook

CHILE
  • Very much in line with expectations, Chile central bank President Rosanna Costa said that further monetary easing is necessary and that future cuts will consider macroeconomic developments.
    • Additionally, Costa said that the global outlook will be incorporated into the board’s decisions, which has been particularly difficult to evaluate in recent times.
  • Regarding domestic monetary policy, Costa hinted that is important to strike a balance between not sacrificing advances made in bringing inflation toward target, and the importance of not inflicting unnecessary costs on the economy. Costa stated the most recent growth data confirms stabilization in private consumption; investment has been volatile.
  • Link to speech (Spanish only): https://www.bcentral.cl/documents/33528/133214/rcc-22112023.pdf/dd23cefd-3071-e828-eb49-b64333827369?t=1700667838680

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.