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CHILE: Economists Expect 25bp Interest Rate Cut Next Week

CHILE
EM BulletBulletGlobalEmerging Market NewsRegion
  • Economists are expecting the BCCh to deliver another 25bp rate cut to 5.25% next week, followed by a further 25bp reduction at the December MPC meeting.
  • The policy rate is seen reaching 4.25% in 11 months and staying at that level in 23 months.
  • Inflation is still expected to end the year at 4.5%, while GDP is expected to rise by 2.4% this year. The 2025 inflation forecast was unchanged at 3.5%, while the 2025 GDP growth estimate was reduced by 10bp to 2.1%.
    • “CHILE ANALYSTS SEE INFLATION OF 0.6% M/M IN OCTOBER: SURVEY”
    • “CHILE ANALYSTS SEE ECONOMIC ACTIVITY 1.7% Y/Y IN SEPTEMBER” - BBG
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  • Economists are expecting the BCCh to deliver another 25bp rate cut to 5.25% next week, followed by a further 25bp reduction at the December MPC meeting.
  • The policy rate is seen reaching 4.25% in 11 months and staying at that level in 23 months.
  • Inflation is still expected to end the year at 4.5%, while GDP is expected to rise by 2.4% this year. The 2025 inflation forecast was unchanged at 3.5%, while the 2025 GDP growth estimate was reduced by 10bp to 2.1%.
    • “CHILE ANALYSTS SEE INFLATION OF 0.6% M/M IN OCTOBER: SURVEY”
    • “CHILE ANALYSTS SEE ECONOMIC ACTIVITY 1.7% Y/Y IN SEPTEMBER” - BBG