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July Annual Inflation Data Expected To Rise To 13.0%

CHILE
  • Annual inflation is expected to have risen to 13.0% in July from 12.5% prior, creating further space between the ceiling of the 3.0% +/- 1 percentage point target.
  • Data will be released at 1300BST/0800ET:
    • July CPI MoM, est. 1.3%, prior 0.9%; YoY est. 13%, prior 12.5%
  • Additional data to be released at 1330BST/0830ET:
    • July International Reserves, prior $45.8b
    • July Trade Balance, est. $455m, prior -$11m
    • July Copper Exports, prior $3.98b
  • It was announced on Friday that the Central Bank are to sell $625M in spot market Aug. 8-12 as part of the ongoing fx intervention program.
  • The BCCh will also sell $2.19b in FX forwards and buy $400m in FX swaps, according to a statement.
    • Spot sales down from $750m in previous week, forward sales rise by $1.5b
    • Amount of swap purchases remains unchanged.
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  • Annual inflation is expected to have risen to 13.0% in July from 12.5% prior, creating further space between the ceiling of the 3.0% +/- 1 percentage point target.
  • Data will be released at 1300BST/0800ET:
    • July CPI MoM, est. 1.3%, prior 0.9%; YoY est. 13%, prior 12.5%
  • Additional data to be released at 1330BST/0830ET:
    • July International Reserves, prior $45.8b
    • July Trade Balance, est. $455m, prior -$11m
    • July Copper Exports, prior $3.98b
  • It was announced on Friday that the Central Bank are to sell $625M in spot market Aug. 8-12 as part of the ongoing fx intervention program.
  • The BCCh will also sell $2.19b in FX forwards and buy $400m in FX swaps, according to a statement.
    • Spot sales down from $750m in previous week, forward sales rise by $1.5b
    • Amount of swap purchases remains unchanged.