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Economist Survey, BCCh President Costa Meets BOE Governor

CHILE
  • The central bank will release its latest economist survey of expectations. It is widely expected that the BCCh will continue with two consecutive 75bp rate cuts in 2023 bringing the key rate to 8.00% by year-end. As a reminder, the survey follows last Friday’s inflation data that surprised below expectations, with annual CPI falling to 5.3% Y/y.
    • BCCh President Costa has stated that the data was a positive development, however, part of the downside surprise may be reversed in upcoming releases.
  • Costa travels to London to meet Bank of England Governor Andrew Bailey as part of the Chile Day 2023 event. The agenda and list of notable speakers for this event can be found here: https://inbest.cl/chileday/en/agenda/Agenda%20Chile%20Day%20Londres_web.pdf

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