May 24, 2024 11:02 GMT
MNI BCCh Review - May 2024: 50bp Cut, Signals More Easing To Come
The Board of the Central Bank of Chile decided to cut the monetary policy interest rate by 50bp to 6.00%, in line with expectations.
Executive Summary
- The Board of the Central Bank of Chile decided to cut the monetary policy interest rate by 50bp to 6.00%. The decision was unanimous and matched the median surveyed estimate.
- The statement continued to strike a dovish tone, with the central bank signalling that interest rates would be cut further ahead.
- Analysts are currently split between the central bank cutting by 25bp and 50bp at the next MPC meeting in June, dependent on CLP dynamics and incoming data.
Click to view the full review:
98 words