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CHILE: BCCh Releases Minutes Of January 28 Meeting

CHILE
BulletEM BulletEmerging Market News
  • BCCh Minutes of the January 28 meeting here.
    • "All five Board members agreed that the only plausible option for this meeting was to hold the MPR at 5%. Several Board members indicated that, on the one hand, keep the MPR was fully compatible with what was communicated in the last IPoM, when it was pointed out that it should not be surprising to enter a stage in which there would be pauses for the monetary policy interest rate."
    • "On the other hand, it opened the way if it were deemed necessary to reevaluate the monetary strategy consistent with the achievement of the target, a matter that would be addressed in the next IPoM."
    • ""Several Board members stressed the need to emphasize the Board’s concern about the evolution of twoyear inflation expectations, reaffirming that the Bank was prepared to do whatever was necessary in case it assessed that achieving the inflation target was at risk"
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  • BCCh Minutes of the January 28 meeting here.
    • "All five Board members agreed that the only plausible option for this meeting was to hold the MPR at 5%. Several Board members indicated that, on the one hand, keep the MPR was fully compatible with what was communicated in the last IPoM, when it was pointed out that it should not be surprising to enter a stage in which there would be pauses for the monetary policy interest rate."
    • "On the other hand, it opened the way if it were deemed necessary to reevaluate the monetary strategy consistent with the achievement of the target, a matter that would be addressed in the next IPoM."
    • ""Several Board members stressed the need to emphasize the Board’s concern about the evolution of twoyear inflation expectations, reaffirming that the Bank was prepared to do whatever was necessary in case it assessed that achieving the inflation target was at risk"