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Published on Friday, May 19, 2017 | Updated on Sunday, July 15, 2018

Chile | Cut in MPR to 2.5% and neutral bias

It had to happen. The Central Bank has cut the MPR (Monetary Policy Rate) by 25bp and modified its bias to a neutral one. It would be consistent with the macro scenario of the CB to cut the rate despite the fact that consensus and all the surveys were inclined - incorrectly, from our point of view - to maintain it.