Chile, Peru Set for Rate Calls

Chile, Peru Set for Rate Calls

Chile Peru Economy & Policy

The central banks in Chile and Peru are due to make interest rate decisions today. Chile is likely to cut 25bp to 4.75% at today’s meeting, Itau says. The bank expects additional easing this year, finishing 2013 at 4.25%. “In the last decision, the central bank introduced an easing bias,” Itau says, noting that economic activity disappointed and inflation has fallen further since then. RBS also expects a reduction this year, though thinks the central bank will begin easing in July or August, and

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