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MNI BCCh Review – Dec '24: Cautious Cut, As BCCh Signals Pause

The Board of the Central Bank of Chile decided to cut the monetary policy interest rate by 25bp to 5.00%, as expected.
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Executive Summary

  • The Board of the Central Bank of Chile decided to cut the monetary policy interest rate by 25bp to 5.00%, as expected, in a unanimous decision.
  • The statement struck a more cautious tone, pointing to a pause at the January monetary policy meeting and a slower pace of rate cuts beyond that.
  • Analysts also broadly see a pause in January, with the next cut possibly coming in March as the central bank shifts towards a quarterly pace of rate cuts.

Click to view the full review: MNI BCCh Review - Dec 2024.pdf

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Executive Summary

  • The Board of the Central Bank of Chile decided to cut the monetary policy interest rate by 25bp to 5.00%, as expected, in a unanimous decision.
  • The statement struck a more cautious tone, pointing to a pause at the January monetary policy meeting and a slower pace of rate cuts beyond that.
  • Analysts also broadly see a pause in January, with the next cut possibly coming in March as the central bank shifts towards a quarterly pace of rate cuts.

Click to view the full review: MNI BCCh Review - Dec 2024.pdf