Further rate cut expected in Chile

Further rate cut expected in Chile

Economy & Policy

Chile’s central bank is expected to cut its base rate by a further 25bp at its monthly monetary policy committee meeting today. The central bank resumed its easing cycle last month, lowering the base to 3.75%. Annual GDP likely fell below 2% during the second quarter, while annual inflation rose to 4.5% in July, well above the upper end of the target range, said Goldman Sachs analysts. Nevertheless, the central bank would likely argue the rise in inflation is temporary, the bank analysts said: “

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