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  • Chile’s CPI surprised to the downside in December, as goods deflation deepened and core pressures eased…
  • …A firmer CLP and slowing wages are anchoring inflation, leaving policy rates close to neutral.
  • Low inflation, neutral rates and FX management mean BCRP is well positioned as election risks build.

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Keywords for: 13 January 2026 LatAm Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence