LatAm Daily | Monetary policy meetings in Chile and Peru to be held today

Summary

In Chile, we expect today another pause in MPR at 3.5% due to weak aggregate activity. We expect two 25bp cuts in the rate over the next 18 months. In Peru, we expect the CB to keep the policy rate at 4.25%, while inflation expectations are slowly moderating. In Brazil, we expect the BCB’s economic activity index to remain unchanged in May.

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