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BCCh Preview, Decision Scheduled For 2200BST/1700ET

CHILE
  • MNI Chile Central Bank Preview – Oct 2023: More Cautious Tone Expected
  • The BCCh is broadly expected to continue its easing cycle with another 75bp rate cut, bringing the overnight rate target to 8.75%.
  • While this would be in line with prior guidance, analysts have started to question whether the deteriorating peso and more complex external backdrop might prompt the BCCh to slow the pace of easing before year-end.
  • Indeed, the most recent central bank communications on such issues highlight that this week’s decision is by no means a foregone conclusion.
  • Full preview here: https://roar-assets-auto.rbl.ms/files/56512/MNI%20Chile%20Central%20Bank%20Preview%20-%20October%202023.pdf

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