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CHILE: Scotiabank Believe BCCh To Cut By No Less Than 25BPs

CHILE
  • Scotiabank have pointed out that today’s economic activity data is consistent with an annual expansion of GDP 2024 of around 2.2%, somewhat below their projection of 2.4% and very close to being even below the floor of the projection range of the central bank’s baseline scenario (2.25–2.75%).
  • In this context, Scotiabank highlight it becomes a new input to justify a cut of “no less” than 25bps in the policy rate this coming December 17.
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  • Scotiabank have pointed out that today’s economic activity data is consistent with an annual expansion of GDP 2024 of around 2.2%, somewhat below their projection of 2.4% and very close to being even below the floor of the projection range of the central bank’s baseline scenario (2.25–2.75%).
  • In this context, Scotiabank highlight it becomes a new input to justify a cut of “no less” than 25bps in the policy rate this coming December 17.