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Benchmark Rate Expected To Rise By 1% In The Next 12 Months

CHILE
  • According to the latest central bank pool of traders, Chile benchmark rate (currently standing at a record low of 0.5%) is expected to increase by 25bps by the end of the year and rise to 1.5% in the next 12 months.
  • Traders also see inflation at 2.9% and 3.07%, respectively, in the next 12 and 24 months (CPI inflation came in at 3.3% in April)
  • Economic data showed that PPI rose to a 10-year high of 25.4% YoY in April.

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