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BCCh Traders Survey Expected At 1330BST

CHILE
  • The BCCh will publish its latest traders survey ahead of next week’s monetary policy meeting at 1330BST(0830ET) today. The previous survey showed that a narrow majority of traders (54%) expect the central bank to hold rates next Wednesday, with the balance expecting a further 25bp rate cut. The previous survey also revealed an increase in the 1-year inflation outlook to 3.6%, from 3.0%, while the 2-year forecast remained at 3.0%.
  • Meanwhile, Chile’s Senate Finance Committee unanimously approved a bill yesterday that would boost tax compliance and allow authorities to lift banking secrecy. The proposal, which aims to help the government collect additional revenue equal to 1.5% of GDP to fund social spending, will now face a vote in the Senate chamber.
  • In other news, state mining firm Enami said that it has received interest from 12 companies in eight countries to become strategic partners of the Salares de Altoandinos lithium project. Enami said it will analyse expressed interests and then start negotiations with selected companies.

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