The rise in Chilean inflation in the final month of 2017, to 2.3% y/y, was driven largely by an increase in food inflation – core inflation rose only marginally and remained below the central bank’s target range. As such, while we acknowledge that the window for further easing is closing, we still expect two more 25bp rate cuts in this cycle.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.