MNI BRIEF: China Oct CPI Slows For 2nd Month To 0.3% Y/Y

MNI BRIEF: PBOC To Ensure Economy-Wide Liquidity - Dep Gov Lu

CANADA OCT JOBS +14.5K VS FORECAST +25K, PRIOR +46.7K

MNI BRIEF: PBOC To Support Credit In Key Sectors: Q3 Report

MNI BRIEF: China To Prohibit New Hidden Debt -Finance Ministry

MNI BRIEF: China Unveils CNY6 Trl Limit For Hidden Debt

EZ/UK Bond Supply Calendar: NE, UK, DE Auction on Tuesday

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY NOV INDEX 73.0

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHILE: Santander Still Expecting 25BP BCCh Cut Following Activity Data

CHILE
EM BulletBulletGlobalEmerging Market NewsRegion
  • According to Santander, the stronger than expected Chile Imacec data must be interpreted with caution, due to the influence of transitory factors such as the winter holidays in services and the adjustment in retail trade.
  • Additionally, Santander see it difficult for fishing in general terms to sustain this growth and it will probably slow down at the margin. Thus, they maintain their projection of 2.4% GDP growth for the year, although this result gives greater leeway to the future path.
  • Therefore, the above does not alter Santander’s scenario for the conduct of monetary policy, where they anticipate a rate cut of 25bp at tomorrow's BCCh Meeting.
106 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • According to Santander, the stronger than expected Chile Imacec data must be interpreted with caution, due to the influence of transitory factors such as the winter holidays in services and the adjustment in retail trade.
  • Additionally, Santander see it difficult for fishing in general terms to sustain this growth and it will probably slow down at the margin. Thus, they maintain their projection of 2.4% GDP growth for the year, although this result gives greater leeway to the future path.
  • Therefore, the above does not alter Santander’s scenario for the conduct of monetary policy, where they anticipate a rate cut of 25bp at tomorrow's BCCh Meeting.