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MNI BCCh Review - Oct 2024: Gradual Easing Cycle Continues

The Board of the Central Bank of Chile decided to cut the monetary policy interest rate by 25bp to 5.25%, 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 5.25%, as expected, in a unanimous decision.
  • The statement reiterated that the central bank would continue to cut interest rates towards a neutral level, consistent with the central scenario of the monetary policy report.
  • Analysts continue to expect a further rate cut in December and see the policy rate reaching a terminal level of 4.0-4.5% next year.

Click to view the full review: MNI BCCh Review - Oct 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 5.25%, as expected, in a unanimous decision.
  • The statement reiterated that the central bank would continue to cut interest rates towards a neutral level, consistent with the central scenario of the monetary policy report.
  • Analysts continue to expect a further rate cut in December and see the policy rate reaching a terminal level of 4.0-4.5% next year.

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