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CHILE: Economists Expect 25bp Interest Rate Cut In October

CHILE
  • Economists are expecting the BCCh to deliver another 25bp rate cut to 5.25% in October, followed by a further 25bp reduction at the December MPC meeting.
  • The policy rate would thus end the year at 5.0%, below the previous survey’s 5.25% forecast.
  • Inflation is still expected to end the year at 4.5%, while GDP is expected to rise by 2.4% this year (vs. 2.3% expected previously).
    • "*CHILE ANALYSTS SEE KEY RATE AT 5.25% IN OCTOBER: SURVEY”
    • “*CHILE ANALYSTS SEE KEY RATE AT 5% IN DECEMBER: SURVEY”
    • “*CHILE ANALYSTS SEE INFLATION OF 0.4% M/M IN SEPTEMBER: SURVEY”
    • "*CHILE ANALYSTS SEE ECONOMIC ACTIVITY 2.2% Y/Y IN AUGUST" - BBG
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  • Economists are expecting the BCCh to deliver another 25bp rate cut to 5.25% in October, followed by a further 25bp reduction at the December MPC meeting.
  • The policy rate would thus end the year at 5.0%, below the previous survey’s 5.25% forecast.
  • Inflation is still expected to end the year at 4.5%, while GDP is expected to rise by 2.4% this year (vs. 2.3% expected previously).
    • "*CHILE ANALYSTS SEE KEY RATE AT 5.25% IN OCTOBER: SURVEY”
    • “*CHILE ANALYSTS SEE KEY RATE AT 5% IN DECEMBER: SURVEY”
    • “*CHILE ANALYSTS SEE INFLATION OF 0.4% M/M IN SEPTEMBER: SURVEY”
    • "*CHILE ANALYSTS SEE ECONOMIC ACTIVITY 2.2% Y/Y IN AUGUST" - BBG