Interest rates in Chile were left unchanged at 3.00% last night but, with the economic recovery expected to be slow-going and inflation likely to have peaked, we are sticking to our non-consensus forecast for rates to be cut by another 50bp next year. Meanwhile in Peru, interest rates were left unchanged too, but we continue to expect at least one more 25bp reduction to 3.25% next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services