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BCCh Publishes Minutes Of May Monetary Policy Meeting

CHILE

Link to full release: https://www.bcentral.cl/documents/33528/170270/Minute_RPM_may_2022.pdf/97510c1e-b640-9d99-5144-bd46374f9a10?t=1653051080753

  • Chile Cenbank: Macroeconomic outlook brings risks to inflation
  • BCCh considered hikes of 100bps, 125bps, 150bps
  • BCCh hike of 125bps signalled concern on inflation
  • BCCh cites more short-term inflation pressures
  • Short-term CPI raises risk of price persistence
  • Recent data shows resilient consumption
  • Recent data shows weak investment (All BBG)

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