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Published on Tuesday, February 3, 2015 | Updated on Tuesday, February 3, 2015

Good revenue outcome in Chile in 2014 after tax reform

Inflation in Peru was slightly above expectations and slightly above the central bank’s target range, although with a declining trend. We estimate that the absence of demand pressures and the transmission of the fall in oil prices will imply inflation convergence towards the centre of the target range for early 3Q15. We see room for manoeuvre in this respect for a cut in the MPR.

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