Banco Central de Chile with a 75bp rate cut.
- a 100 bp cut was the consensus expected
- cites falling inflation, was 6.5% in July, down from 7.6% in June (peaked just over 14% in August 2022) …
- “The macroeconomic scenario has evolved as anticipated,
projecting that inflation will converge to the 3% target in the
second part of 2024”
This article was written by Eamonn Sheridan at www.forexlive.com. Source