Market expects Chile cut as inflation wanes

Market expects Chile cut as inflation wanes

Economy & Policy

Analysts are predicting the Chilean central bank to cut the base rate by 25bps to 3.75% at its monetary policy committee meeting today. Alongside weak economic activity, inflation slowed in June after two quarters of acceleration. Monthly inflation stood at 0.1% in June, lower than market expectations, and down from 0.3% in May and 0.5% in June last year. At last month’s meeting, when the committee held rates, one member voted for a 25bp cut, while minutes of the meeting revealed other members w

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