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Chile Headline CPI Expected To Rise To 4% Y/Y

CHILE
  • BCCh are due to meet next week on July 14. Increasingly hawkish rhetoric has prompted many analysts to bring forward their expectations for lift-off. Today's CPI data will be watched ahead of this event as the annual headline is expected to jump to 4%.
    • - 1300BST/0800ET: June CPI y/y, est. 4.0%, prior 3.6%
    • - 1300BST/0800ET: June CPI m/m, est. 0.3%, prior 0.3%
  • Chile's Treasury to sell 320 billion pesos (~$427m) in 9-month bills, 140 billion pesos (~$187m) in nominal bonds due in 2030 and ~$139m in CPI-linked bonds due in 2033
  • Chile's government is expected to change Covid-19 restrictions as new coronavirus cases in the country plunge.
  • Chile energy-mining minister spoke in interview with EMOLTV
    • Chile looking to speed up transmission to end coal power (BBG)
    • It's not possible to end all coal power by 2025 (BBG)

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