The Central Bank of Chile (CBC) as expected held interest rates at 5.25% last night. Strong domestic conditions and above-target inflation make further increases likely, but we are nearing the end of the current tightening cycle. We maintain our forecast for the benchmark rate to reach 6.0% by year-end but acknowledge that the risks to this are probably now skewed to the downside.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.