November 12, 2024 11:38 GMT
CHILE: Economists Expect 25bp Interest Rate Cut Next Month
CHILE
- Economists are expecting the BCCh to deliver another 25bp rate cut to 5.00% next month, before pausing the easing cycle at the January MPC meeting. The policy rate is expected to end next year at 4.25%.
- GDP is expected to rise by 2.2% this year, down from 2.4% forecasted last month, while the 2025 GDP growth estimate was unchanged at 2.1%.
- The 2025 inflation forecast was also unchanged at 3.5%.
- “*CHILE ANALYSTS SEE INFLATION OF 0.3% M/M IN NOVEMBER: SURVEY”
- “*CHILE ANALYSTS SEE ECONOMIC ACTIVITY 1.8% Y/Y IN OCTOBER” - BBG
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