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CHILE: Centre-Right Gains Ground In Municipal Elections, BCCh’s Costa Speaks

CHILE
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  • In the municipal and regional elections held over the weekend, parties on the centre-right gained ground but failed to establish themselves as the dominant force in the country, ahead of next year’s presidential election. According to reports on Bloomberg, the centre-right gained control of Santiago Centre and Nunoa but did not retain the mayorship of the country’s largest municipality, Puente Alto.
  • Overall, the opposition Chile Vamos alliance won more than 120 municipalities, up from 87 previously, while President Boric’s government won in Maipu, one of the biggest municipalities. The ruling coalition also kept control of Vina del Mar.
  • No macro data are due today, with attention this week on September unemployment tomorrow and month-end activity data for September, including retail sales, IP and copper production on Wednesday. Meanwhile, BCCh President Rosanna Costa is scheduled to speak at the opening of seminar on financial education at 1230GMT(0830ET).
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  • In the municipal and regional elections held over the weekend, parties on the centre-right gained ground but failed to establish themselves as the dominant force in the country, ahead of next year’s presidential election. According to reports on Bloomberg, the centre-right gained control of Santiago Centre and Nunoa but did not retain the mayorship of the country’s largest municipality, Puente Alto.
  • Overall, the opposition Chile Vamos alliance won more than 120 municipalities, up from 87 previously, while President Boric’s government won in Maipu, one of the biggest municipalities. The ruling coalition also kept control of Vina del Mar.
  • No macro data are due today, with attention this week on September unemployment tomorrow and month-end activity data for September, including retail sales, IP and copper production on Wednesday. Meanwhile, BCCh President Rosanna Costa is scheduled to speak at the opening of seminar on financial education at 1230GMT(0830ET).