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MNI INTERVIEW: Chile Central Bank Nears End Of Cuts, May Pause

(MNI) BRASILIA

Former senior economist at Central Bank of Chile Luis Ceballos talks to MNI.

The Central Bank of Chile is nearing a potential pause in its easing cycle after slashing rates by 550 basis points from a July 2023 peak, with possibly no more than half a point of cuts remaining, former senior economist Luis Ceballos told MNI.

“The central bank is expected to take a cautious approach in its upcoming meeting," Ceballos, now a professor at the University of San Diego, said in an interview. "This cautious stance is reinforced by the macroeconomic situation, including higher copper prices driving investment and revised upward growth and inflation forecasts.”

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The Central Bank of Chile is nearing a potential pause in its easing cycle after slashing rates by 550 basis points from a July 2023 peak, with possibly no more than half a point of cuts remaining, former senior economist Luis Ceballos told MNI.

“The central bank is expected to take a cautious approach in its upcoming meeting," Ceballos, now a professor at the University of San Diego, said in an interview. "This cautious stance is reinforced by the macroeconomic situation, including higher copper prices driving investment and revised upward growth and inflation forecasts.”

Keep reading...Show less