Chile | Central bank increases the policy rate to 3.50%, surprising part of the market
Published on Thursday, December 17, 2015 | Updated on Sunday, July 15, 2018
Chile | Central bank increases the policy rate to 3.50%, surprising part of the market
Summary
The CB increased the policy rate by 25bp to 3.50% and maintained the tone for monetary normalisation. The communiqué highlighted that the pace of future adjustment will be paused and data dependent. All in all, we believe the CB will consider a policy normalisation of at most two additional hikes of 25bp in its baseline scenario update that will be released next week.
Geographies
- Geography Tags
- Latin America
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Aníbal Antonio Alarcón
Cristóbal Gamboni
Hermann Esteban González
Jorge Selaive
Fernando Soto
Documents and files
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