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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BCCh Review - January 2024: Steps Up Easing Pace Again, As Expected
Executive Summary
- The Board of the Central Bank of Chile decided to cut the monetary policy interest rate by 100bp to 7.25%. The decision was not unanimous, with one member (Luis Felipe Céspedes) voting for an even larger 125bp cut.
- While this matched the median surveyed estimate, some had called for a more moderate 75bp move and so once again this may be perceived as BCCh adopting a more dovish stance.
- All analysts believe the statement struck a dovish tone and some see a similar cut in April as the most likely outcome.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.