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First Quarter GDP Data Expected To Dip To 7.9% Y/y

CHILE

Central Bank to publish first quarter GDP as well as the country’s financial stability report.

  • Chile’s banking system has sufficient provisions and capital to face severe scenarios, according to a central bank statement:
  • https://www.bcentral.cl/documents/33528/3536981/comunicado_rpf_17052022.pdf/eca0345a-d072-6c9c-52e2-9b5dba616159?t=1652823989740
    • Economy will continue to adjust amid a less favorable international scenario, implying a lower pace of credit activity and an increase in delinquent loans, which would approach pre-pandemic levels
  • 1330BST/0830ET: Q1 GDP QoQ, est. -0.4%, prior 1.8%; YoY est. 7.9%, prior 12.0%
  • 1330BST/0830ET: Q1 Current Account Balance, est. -$4.5b, prior -$7.55b
  • 1400BST/0900ET: Chile’s central bank publishes the country’s financial stability report to a Senate committee.

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