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BCCh Preview: Decision Due At 2200BST/1700ET

CHILE
  • A little over 90 minutes until the Chile central bank decision due at 2200BST/1700ET
  • The BCCh is expected to continue with its tightening cycle at the September meeting, with surveyed analysts currently leaning towards a 75bp increase of the monetary policy rate to 10.5%.
  • Upward pressure on inflation continues to warrant maintaining a hawkish stance, however, the recently implemented FX intervention program, diminishing growth profile and the outcome of the vote on a new constitution may somewhat ease the pressure on the central bank board.

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