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.
MNI Chile CB Preview - June 2021
The full preview with analyst views can be found here:
MNI BCCH Preview - June 2021.pdf
Continuation Of More Hawkish Rhetoric – The Chilean Central Bank are expected to keep their overnight rate unchanged at 0.5% on Tuesday. Further improvements to the overall outlook point towards the economy operating at the top end of the central bank's most optimistic expectations, previously outlined in the March Monetary Policy Report (IPOM). Clear communication within the minutes from the May meeting have led the majority of analysts to expect an alteration to the guidance for the path of rates at the June IPOM, due to be released on June 9th.
Further Likely Upgrades To Growth Outlook
Economic Activity (IMACEC) for April surprised to the upside. The annual figure rose significantly above expectations to 14.1% versus and estimate of 10.4%. The monthly figure fell just 1.4% against consensus for a 4% dip underscoring the resilience of the economy. With almost 80% of the population under lockdown throughout April, activity proved resoundingly more robust than in 2020.
MNI/Bloomberg
Predicted loosening of mobility restrictions, enhanced public support measures and a continued positive evolution of the external environment should bolster the likelihood of further upgrades to the Chilean outlook and clear guidance for rate lift-off in 2021.
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.