Latin America Data Response Chile GDP (Q1 2021) The softer-than-expected 3.2% q/q rise in Chilean GDP in Q1 will probably be followed by a marked slowdown in Q2 caused by the lockdown at the start of the quarter. Nonetheless, high-frequency data... 18th May 2021 · 3 mins read
Capital Daily Assessing the market implications of slower growth in China We think slowing economic growth in China – highlighted again by today’s economic data – has several key implications for the country’s financial markets. 17th May 2021 · 6 mins read
Latin America Economics Update Three is not the magic number in Chile The third round of pension withdrawals in Chile will help to boost its economic recovery in the near term, but is unlikely to be as impactful as the previous two. The broader concern is that it... 29th April 2021 · 5 mins read
Latin America Economics Update Chile: infections, vaccines and the recovery While Chile is currently battling with a severe wave of virus cases, we remain cautiously optimistic about the resilience of the economy in Q2, and the prospect of a vaccine-related boost to output... 8th April 2021 · 4 mins read
Latin America Data Response Chile GDP (Q4 2020) The 6.8% q/q rise in Chile’s GDP in Q4 shows the economy headed into 2021 with significant momentum. And the outlook is bright given the country’s swift vaccine progress. As a result, we are revising... 18th March 2021 · 3 mins read
Latin America Economics Update Chile: Stronger recovery to keep BCC on the side-lines Chile’s economy is recovering more quickly than we had previously expected and, as a result, we are revising up our 2020 GDP growth forecast to -5.5% (previously -7.0%). The stronger rebound has eased... 10th September 2020 · 4 mins read
Latin America Data Response Chile GDP (Q2 2020) The 13.2% q/q contraction in Chile’s economy in Q2 appears to have been followed by a only a weak rebound in July but, with policymakers finally starting to get a grip on the coronavirus, the recovery... 18th August 2020 · 2 mins read
Latin America Economics Update Chile’s pension bill: the economic & market impact Reforms in Chile that allow households to withdraw some of their pension savings may help to boost the economic recovery over the next year. But the way in which the reform was passed adds to the... 29th July 2020 · 3 mins read
Emerging Markets Trade Monitor Nascent export rebound has further to run EM goods exports remained weak in May, but partial June data point to a fledgling recovery. This is likely to continue in the coming months, although a number of factors look set to constrain the... 16th July 2020 · 3 mins read
Latin America Economics Update Chile central bank delves into unconventional toolbox The decision by Chile’s central bank to leave its policy interest rate unchanged at 0.50% was accompanied by a statement which appeared to unveil a QE programme. The finer details will be fleshed out... 17th June 2020 · 3 mins read
Latin America Data Response Chile GDP & Current Account (Q1) While Chile’s economy grew strongly in Q1, this was largely due to favourable base effects resulting from strikes in Q4, and hides a sharp deterioration in activity in March. We expect a steep... 18th May 2020 · 3 mins read
Latin America Economics Weekly Brazilian politics getting messy, Chile’s FCL and bonds The unfolding political crisis in Brazil has continued to put local financial markets under pressure and it's increasingly difficult to see the political risk premium on asset prices evaporating... 15th May 2020 · 6 mins read
Latin America Economics Update Copom set to cut further, Chile’s CB stays the course The Brazilian central bank’s 75bp cut in the Selic rate last night and the dovish tone of the accompanying statement has prompted us to pencil in a further 50bp of cuts (to 2.50%) in the coming months... 7th May 2020 · 3 mins read
Latin America Economics Update What more can Chile’s central bank do? With the Central Bank of Chile’s policy rate at its effective lower bound, we think that its next easing measure would be a quantitative easing programme aimed at flattening the long end of the yield... 8th April 2020 · 4 mins read
Latin America Economics Update Chile cuts rates, more easing in store Chile’s central bank suggested that, having cut its policy rate to 0.5% yesterday, rates will remain at this low level for an extended period of time. But given the scale of the economic hit from the... 1st April 2020 · 3 mins read
Latin America Data Response Chile CPI (Dec.) The rise in Chilean inflation to 3.0% y/y in December is likely to be followed by a further increase to around 4.0% y/y over the first half of this year. That said, this period of above-target... 8th January 2020 · 2 mins read
