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Published on Friday, February 13, 2015 | Updated on Friday, February 13, 2015

The Brazilian economy started 2015 weaker than expected

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Summary

In Chile and Peru, CBs decided to keep the MPR unchanged at its meeting yesterday, in line with our estimations. In the case of Chile, we expect additional monetary stimulus to be adopted in 2Q15, whereas in Peru additional easing will mainly depend on the volatility of the exchange rate.