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Front-End Swap Rates Continue To Shift Lower Amid Costa Remarks

CHILE
  • The front-end of the Camara swaps curve continues to shift lower, with one and two-year camara swap rates now falling by 31 and 28bps respectively on the session Key comments from BCCH President Costa in her presentation of the June Monetary Policy Report:
    • Monetary policy has had relevant impact on CPI
    • We can't declare victory on CPI too soon
    • Inflation to hit 3% target in second half 2024
    • We've advanced in resolving economic imbalances
    • All board members share same macroeconomic view (BBG)

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