14 Mar 2016
Chilean central bank to keep its stance – BBH
In view of analysts at BBH, the Chilean central bank could keep its monetary policy stance unchanged at its meeting later in the week.
Key Quotes
“The Chilean central bank meets Thursday and is expected to keep rates steady at 3.5%”.
“With inflation easing a bit to 4.7% y/y in February, the bank may be able to justify remaining on hold another month”.
“Still, inflation remains above the 2-4% target range and so any reappearance of price pressures should restart the tightening cycle”.
“Chile reports Q4 GDP and current account data Friday. GDP growth is seen slowing to 1.6% y/y from 2.2% in Q3”.
Key Quotes
“The Chilean central bank meets Thursday and is expected to keep rates steady at 3.5%”.
“With inflation easing a bit to 4.7% y/y in February, the bank may be able to justify remaining on hold another month”.
“Still, inflation remains above the 2-4% target range and so any reappearance of price pressures should restart the tightening cycle”.
“Chile reports Q4 GDP and current account data Friday. GDP growth is seen slowing to 1.6% y/y from 2.2% in Q3”.