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Inflation & Trade Balance Data Scheduled Later This Week

CHILE
  • Camara swap rates fell substantially last week following the BCCh meeting and their dovish pivot to expectations. 2-year swap rates fell over 115 basis points last week as the curve bull steepened from its inverted state.
  • A quiet start for the domestic data calendar this week before trade balance data on Thursday and March inflation figures on Friday. Currently the median surveyed estimate expects annual headline CPI to reach 8.6% from 7.8% in February.
  • Finance Minister Marcel presented a pandemic economic response plan on Friday. The plan will focus on six areas of which the details and costs will be announced this week.

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