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Central Bank Releases Minutes Of September Meeting

CHILE
  • CHILE CENBANK WEIGHED RATE CUT OF 50BPS,75BPS,100BPS THIS MONTH
  • CHILE CENBANK: 75BPS CUT WAS SEEN AS FULLY COHERENT W/OUTLOOK
  • CHILE CENBANK: 75BPS CUT WAS SEEN AS IN LINE W/MARKET ESTIMATES (BBG)
  • ”All five Board members agreed that the option of cutting 75bp off the MPR was fully consistent with the central scenario of the September MP Report and the general monetary policy stance that had been delivered at the previous Meeting. This option, moreover, had the advantage that it reflected most market expectations, a point to bear in mind given the high sensitivity that the MPR expectations and the exchange rate had shown to developments related to interest rate differentials.”

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