Macroeconomic Forecast Chile

BMI View: Chilean consumer price inflation moderated for the second consecutive month in April, coming in at 3.5% y-o-y, markedly lower than the 4.4% recorded in February, and comfortably within the 2.0% to 4.0% band targeted by the central bank. In a context of persistent uncertainties over the stability of the eurozone, we believe the monetary authorities will maintain a wait-and-see approach over the coming months, keeping the policy rate at the current 5.0% level.

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