Chile’s central bank raised its policy rate by another 125bp yesterday, to 4.00%, and the accompanying statement, alongside today’s Monetary Policy Report, suggest that its tightening cycle will be more aggressive than we’d previously thought. We now expect a further 200bp of hikes by the middle of next year to 6.00% (previous 5.00%) – that’s higher than most analysts currently anticipate.
Note: Central Bank Drop-In – The Fed, ECB and BoE are just some of the key central bank decisions expected in this packed week of meetings. Neil Shearing and a special panel of our chief economists will sift through the outcomes on Thursday, 16th December at 11:00 ET/16:00 GMT and discuss the monetary policy outlook for 2022.
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