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Economic Activity Data, Q3 Bond Sale Schedule

CHILE
  • Chile’s economic activity likely rose 3.7% y/y in June, according to economists surveyed by Bloomberg.
    • 1330BST/0830ET: Economic Activity M/m, June; est. -0.2%, prior -0.1%
    • 1330BST/0830ET: Economic Activity Y/y, June; est. 3.7%, prior 6.4%
  • BCCh to Sell $750m in Spot Market This Week
  • As part of the ongoing fx intervention program, the central bank will also sell $1.5b in FX forwards and buy $400m in FX swaps, according to a statement.
    • Spot sales unchanged from last week, FX forward sales down from $1.75b
  • The government will sell the equivalent of $1 billion in treasury bonds in local currency during the quarter, according to a Ministerio de Hacienda statement. (Bloomberg)
    • A total of about $15 billion will be issued in local-currency treasury bonds in 2022, less than the $20 billion estimated at the start of the year.

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