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CHILE: December CPI Inflation Expected to Rebound, BCCh Traders Survey Due

CHILE
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  • CPI inflation data for December will be published at 1100GMT/0600ET, with the chained measure expected to rebound to 4.7% y/y, from 4.2% in November, according to the median estimate within the Bloomberg survey. The pick-up will likely be driven by a rise in both food and energy inflation on the back of unhelpful base effects. The ex-volatiles measure is also seen rising from 4.0% y/y last month amid sticky services price pressures and an expected pick-up in goods inflation.
  • The data come after Monday’s publication of the BCCh December meeting minutes, which highlighted the significant risks that the monetary policy committee sees to the outlook, particularly regarding short-term inflation, suggesting that the central bank may pause its easing cycle later this month.
  • Regarding that, the central bank will also publish its latest traders survey at 1130GMT, followed by the equivalent economist survey on Friday, which will include interest rate forecasts for the next MPC meeting on Jan 28.
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  • CPI inflation data for December will be published at 1100GMT/0600ET, with the chained measure expected to rebound to 4.7% y/y, from 4.2% in November, according to the median estimate within the Bloomberg survey. The pick-up will likely be driven by a rise in both food and energy inflation on the back of unhelpful base effects. The ex-volatiles measure is also seen rising from 4.0% y/y last month amid sticky services price pressures and an expected pick-up in goods inflation.
  • The data come after Monday’s publication of the BCCh December meeting minutes, which highlighted the significant risks that the monetary policy committee sees to the outlook, particularly regarding short-term inflation, suggesting that the central bank may pause its easing cycle later this month.
  • Regarding that, the central bank will also publish its latest traders survey at 1130GMT, followed by the equivalent economist survey on Friday, which will include interest rate forecasts for the next MPC meeting on Jan 28.