Chile Rate Hike Expected

Chile Rate Hike Expected

Bonds Corporate & Sovereign Strategy

Analysts expect a 50bp hike in Chile to 8.25% after the central bank meeting next week, citing the persistence of high inflation and unexpected strength of domestic demand. “Inflation has surprised in terms of magnitude and the extent of generalization across items, showing increasing spreading of the food and energy shocks. The central bank has reacted forcefully with three consecutive 50bp interest rate hikes and probably a fourth next week,” says Barclays. The shop also expects that the hikes

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