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Central Bank Traders Survey Forecasts 50BP Cut Next Week

CHILE
  • According to the latest survey of traders by the BCCh, the key rate will be cut by 50bp in December to 8.50%. The key rate seen at 7.25% two meetings ahead, and 6.50% four meetings ahead.
  • Key rate seen at 5.00% in 12 months, and 4.50% in 24 months.
  • CPI seen at 2.90% y/y in 12 months, and 3.00% y/y in 24 months. The peso seen at 880 CLP/USD in 7 days, and 870 CLP/USD in 28 days. (BBG)

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