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CHILE: BCCh Traders Survey Scheduled, Marcel on Green Debt Issues

CHILE
BulletEM BulletEmerging Market News
  • Results from the latest central bank survey of traders is expected to corroborate the economist survey released earlier in the week. Markets currently forecast a 25bp rate cut on December 17, taking the overnight rate target to 5.00%. However, one of the early forecasts in the Bloomberg survey for the decision is calling for an unchanged rate, indicating there are risks of a surprise.
  • Finance Minister Marcel addressed this Wednesday the challenges that the phenomenon of climate change poses for public finances. “Next year we will have this green taxonomy available for application in Chilean debt issues, both public and, especially private,” said Marcel.
  • Separately, Chilean copper commission Cochilco maintained its 2025 price projection at $4.25 a pound in its latest quarterly report, up from an average of $4.15 this year. Growth of just 1% in Chinese demand would be partially offset by an expansion of 4.1% in the rest of the world, the agency said.
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  • Results from the latest central bank survey of traders is expected to corroborate the economist survey released earlier in the week. Markets currently forecast a 25bp rate cut on December 17, taking the overnight rate target to 5.00%. However, one of the early forecasts in the Bloomberg survey for the decision is calling for an unchanged rate, indicating there are risks of a surprise.
  • Finance Minister Marcel addressed this Wednesday the challenges that the phenomenon of climate change poses for public finances. “Next year we will have this green taxonomy available for application in Chilean debt issues, both public and, especially private,” said Marcel.
  • Separately, Chilean copper commission Cochilco maintained its 2025 price projection at $4.25 a pound in its latest quarterly report, up from an average of $4.15 this year. Growth of just 1% in Chinese demand would be partially offset by an expansion of 4.1% in the rest of the world, the agency said.