Macro Analysis /
Chile

Chile: Central bank raises key rate 25bps to 2% as expected in split vote

  • Board unanimously votes to raise; 4 members vote for 25bps raise and 3 vote for 50bps hike

  • GDP growth forecast raised to 8.6%, board says output gaps closing faster than expected

  • Board hikes inflation forecast to 4.5% and worries about expected inflation getting de-anchored

Chile: Central bank raises key rate 25bps to 2% as expected in split vote
Metodi Tzanov
EmergingMarketWatch
1 October 2021