LatAm Daily| Chile’s CB maintained MPR at 3.5% and moderated the restrictive tone
Published on Wednesday, April 13, 2016
LatAm Daily| Chile’s CB maintained MPR at 3.5% and moderated the restrictive tone
Summary
The CB announced that the pace will be data-dependent on inflation figures and suppressed the gradualism of policy rate normalisation. With this information at hand we expect the Board to validate a neutral bias for policy rates and a prolonged pause during the year. In Brazil, data released yesterday is in line with a fall in GDP again in 1Q16.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist