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BCCh See Core Inflation At 3% In First Half of 2024

CHILE
  • "The Board considers that, in line with the central scenario of the December Report, the convergence of inflation to the target will require further cuts in the MPR. Its magnitude and timing will take into account the evolution of the macroeconomic scenario and its implications for the trajectory of inflation."
  • "...it is still projected that inflation will converge to the 3% target in the second half of 2024, but convergence to 3% for core inflation is anticipated for the first half of 2024 —component that has accumulated downward differences since the September Report."
  • As a reminder, the quarterly monetary policy report (IPoM) released on Wednesday will provide updated economic forecasts, "the details of the central scenario, the sensitivities and risks surrounding it and its implications for the future evolution of the MPR."

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