• Steady rate outlook favors more USD strength
  
  
• USD/CLP higher USD/CLP daily pivot resistance by 628.50, 631.33 76.4% Fib of 643.33-592.50
  
  
• Chilean CB cuts 2015 growth forecast from 2.5-3.5% to 2.25-3.25%
  
  
• CB worried expectations still pessimistic, may limit 2nd half recovery
  
  
• May delay BCCh rate hikes, which were expected by YE '15 with US