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Some Initial Views On Today's Below-Estimate Inflation Data

CHILE
  • Some initial takes on Chile inflation data:
  • Citi: This may be welcome news to the BCCh, where Citi Economics has been calling for a first cut as soon as May or June. They expect a material impact on the curve.
  • Itaú: In all, despite the headline print, core inflationary pressures remain elevated (last 3 prints: 0.7%, 1.2%, 0.7%) and the February reading is unlikely to prompt a rate cut in the near term as the Board would favor seeing a consolidated downward trajectory on the core front.

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