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Itaú Forecast First BCCH Rate Cut in July

CHILE
  • Itaú expect the June IPoM to open the door to a rate cut cycle. They expect to see the first cut in July (25 bps), with risks tilting to September if inflation is stickier than expected. Even with an early start, a cautious easing pace would result in a year-end rate of 9.25%.
  • Fir reference, the next BCCh meeting/decision is this Monday, June 19.

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