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BCCh Publish Quarterly Monetary Policy Report

CHILE
  • The September IPoM was released on the central bank website and the following forecasts have been updated:
  • GDP forecast
    • 2022 between 1.75% to 2.25%; prior est. 1.5% to 2.25%
    • 2023 between -1.5% and -0.5%; prior est. -1% and 0%
  • Consumer price forecast
    • 2022 year-end inflation at 12%; prior est. 9.9%
    • 2023: 3.3%; prior 2.7%
  • Current account balance forecast as percentage of GDP
    • 2022: -6.3%; prior est. -6.6%
    • 2023: -3.6%; prior est. -4.5%
  • The full report can be viewed here: https://www.bcentral.cl/documents/33528/3718814/MPR_September_2022_summary.pdf/147e795c-5567-77e1-1c8b-a261cf846e6e

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