1 August 2023 LatAm Monitor Chile's BCCh Cuts Rates Boldly, and the Door is Open for Further Stimulus
31st Jul 2023 16:25Latin America, Daily Monitor
- Chile’s BCCh cuts rates for the first time in three years by 100bp and points to further easing in H2.
- We think it will continue to cut rates at the same pace over the coming meetings, to 7.25% by year-end.
- Mexico’s economy surprised to the upside in H1, but overall conditions have deteriorated recently.
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