SANTIAGO: Chile's central bank is seen restarting its monetary easing cycle in six months, as above-target inflation is expected to subside over the next year, according to the median estimate of 64 traders surveyed in a central bank poll published on Wednesday.
The key rate is forecast to remain steady at its current 3.0 percent in December and in three months, but then be cut to 2.75 percent in half a year.
Traders see inflation at 0.1 percent in November and reaching an annual rate of 2.43 percent in 12 months.
Annual inflation clocked in at 5.7 percent in October, the highest since January 2009 and the seventh month in a row that inflation was been above the central bank's tolerance range of 2 percent to 4 percent.
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