LatAm Daily | Chile’s inflation expectations rise as currency depreciates

Summary

Inflation expectations rose 0.4% MoM in August in line with our estimate, as traders expect the currency weakening and hovering around USDCLP 710. However, long-term expectations remained anchored to the central bank’s target. Meanwhile, traders expect a 25bp increase in interest rates. Today, Mexico’s trade balance should show a deficit of USD1,590mn.

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