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CHILE: BCCh Economist Survey Tomorrow, Capital Outflows Rise Through September

CHILE
  • On the data front, the calendar is light this week, with the next event of note being the publication of the central bank’s latest economist survey tomorrow. Last week’s traders survey revealed that market participants expect the central bank to deliver another 25bp rate cut at its next monetary policy meeting on December 17. After the economist survey, Q3 GDP and current account figures are due to be released next week.
  • Meanwhile, President Boric will meet with the Vietnamese president at 1400GMT(0900ET) today.
  • In other news, La Tercera reports that capital outflows from Chile accelerated in the January to September period and already exceed levels of 2022 and 2023. According to the BCCh, outflows reached $4.068bn in the first nine months of the year, 88% higher than in the same period of 2023.
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  • On the data front, the calendar is light this week, with the next event of note being the publication of the central bank’s latest economist survey tomorrow. Last week’s traders survey revealed that market participants expect the central bank to deliver another 25bp rate cut at its next monetary policy meeting on December 17. After the economist survey, Q3 GDP and current account figures are due to be released next week.
  • Meanwhile, President Boric will meet with the Vietnamese president at 1400GMT(0900ET) today.
  • In other news, La Tercera reports that capital outflows from Chile accelerated in the January to September period and already exceed levels of 2022 and 2023. According to the BCCh, outflows reached $4.068bn in the first nine months of the year, 88% higher than in the same period of 2023.