Interest rates in Chile and Peru are likely to be left on hold
Interest rates in Chile are likely to be left on hold (22.00 BST Thursday). GDP growth is set to have strengthened in Q1, and with core inflation remaining high, policy makers have hinted in recent communications that ra…
Interest rates in Chile are likely to be left on hold (22.00 BST Thursday). GDP growth is set to have strengthened in Q1, and with core inflation remaining high, policy makers have hinted in recent communications that rates could begin to rise towards year-end.
"Given that raising rates too early would risk snuffing out the recovery, we think tightening is more likely to be delayed until 2016." Capital Economics
Interest rates in Peru (00.00 BST) will probably also be left unchanged, at 3.25%. Peru's economic recovery has stalled at the start of this year.
But inflation remains above the central bank's target range and is likely to rise further in the coming months as the impact of a cut in electricity tariffs last year unwinds. Further rate cuts are therefore unlikely.
"We expect rates in Peru to remain unchanged until year-end, and forecast gradual rate hikes for next year." - Capital Economics
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