Chile awaits rate cuts after inflation spike

Chile awaits rate cuts after inflation spike

Economy & Policy

Markets are still pricing a 6bp policy rate cut at the Chilean central bank’s monthly meeting tomorrow, according to research from Bank of America-Merrill Lynch. That is despite the higher-than-expected inflation figures for April released last week: a monthly rise of 0.6%, compared to market expectations of 0.2%, according to research from Credicorp Capital. The figures caused a jump in the peso on bets the central bank could delay cuts. “In Chile, the market is pricing 6bp of cuts for the next

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