Market Sees Chile Hold

Market Sees Chile Hold

Chile Economy & Policy

Chile is largely expected to keep its benchmark rate at 5.0% when the central bank meets today. “We expect no policy rate changes, as the BCCh board seems to continue seeing itself trapped between strong growth that would call for hikes, and low inflation and a strong peso, which would call for cuts,” Bank of America Merrill Lynch says in a report forecasting a hold. RBS says it doesn’t expect a change to the benchmark at all in 2013, though it notes that some market players suggest a 25bp incre

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