Free Trial

Scotiabank See At Least a 75BP BCCh Cut In December

CHILE
  • According to Scotiabank, the BCCh’s meeting minutes out tomorrow may now look somewhat stale as, since the 50bps decision, the October inflation miss and BCCh President Costa saying the bank will continue to act with flexibility rebuilt expectations that the bank could cut 75bps in December.
  • This was evident in the results of the BCCh’s economists survey published on Friday. Just over half of those polled think officials will favour a cut larger than 50bps; of those, close to a fifth even think a 100bps cut is in store (aligned with Scotiabank’s view of at least a 75bps reduction).
  • The BCCh’s traders survey, out on Thursday should show something similar—though maybe less dovish.

To read the full story

Close

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.