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MNI BCCh Review - Sep 2024: Faster Easing to Neutral Level

The Board of the Central Bank of Chile unanimously decided to cut the monetary policy interest rate by 25bp to 5.50%.
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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 5.50%, as expected, in a unanimous decision.
  • The statement signalled that the central bank would continue to cut interest rates towards a neutral level, consistent with the central scenario of the monetary policy report, but at a faster pace than previously projected.
  • Analysts continue to expect further rate cuts this year, with year-end rate forecasts mostly in a 5.00-5.25% range.

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

MNI (LONDON)

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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 5.50%, as expected, in a unanimous decision.
  • The statement signalled that the central bank would continue to cut interest rates towards a neutral level, consistent with the central scenario of the monetary policy report, but at a faster pace than previously projected.
  • Analysts continue to expect further rate cuts this year, with year-end rate forecasts mostly in a 5.00-5.25% range.

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

MNI (LONDON)