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Economists See Key Rate Left Unchanged This Week: Survey

CHILE
  • Chile analysts see key rate at 0.50% this month
  • Chile analysts see key rate at 0.75% at meeting after next
  • Chile analysts see key rate at 1.0% in 5 months
  • Chile analysts see inflation of 3.0% in 23 months (BBG)
  • The BCCh are due to meet on Wednesday where the majority of surveyed analysts are actually forecasting a 25bps hike of the overnight rate to 0.75%.
  • Some analysts have stated that the most recent inflation data may have muddied the waters regarding this week's decision. While annual inflation accelerated to 3.8% in June, it was below the 4.1% forecast by analysts and within the central bank's 2-4% target rate.
  • Our full preview with analyst views will be published tomorrow.

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