Pantheon Macroeconomics
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15th Jul 2022 15:55Latin America, Daily Monitor, Weekly Monitor
The inflation picture in Chile has deteriorated markedly, forcing the BCCh to increase rates boldly...
...But the rapid tightening failed to bring the CLP under control, prompting FX intervention last week.
Volatility likely will ease in the near term, but further rate hikes in the short run will be needed.
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