Free Trial

Camara Curve Bear Flatter Ahead Of BCCH Meeting

CHILE
  • Marginal gains of 0.4% for the Chilean peso on Wednesday. The Camara Curve is seen bear flatter ahead of the central bank decision, due in a few hours.
  • Chile Camara Swaps:
    • 1-yr +10 bps at 1.86%
    • 2-yr +7 bps at 2.49%
    • 5-yr +4 bps at 3.32%
    • 10-yr -1 bps at 4.05%
  • The Chilean Central Bank are likely to hike the key interest rate by 25bps to 0.75%. Following previous signals within the minutes, creeping inflationary pressures and a more benign Covid backdrop, the BCCh are expected to commence a gradual tightening cycle at their July meeting.
  • The full preview with analyst views can be found here:https://roar-assets-auto.rbl.ms/documents/10787/MN...

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.