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Citi Calling For Above-Consensus 75BP BCCh Hike

CHILE
  • Citi Economics expects the BCCh to hike 75bps in the upcoming meeting, driving the policy rate to 11.5%.
  • The inflation outlook remains delicate, with strong tradable and non-tradable pressures.
  • The CLP has recently depreciated more than expected in September's IPoM, which should also contribute to another monthly inflation print above 1%.

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