Political Risk Latin America Blog @PolRiskLatam

Chile: more growth, more rate hikes

Posted in News and Articles, Political Risk by politicalrisklatam on June 21, 2011

by Jude Webber for Financial Times – Beyond Brics, June 21st, 2011.

More growth but continued risks to inflation, ergo more rate hikes. That is the updated message from Chile’s central bank in its quarterly monetary policy report.

José De Gregorio, central bank president, said the bank’s base case scenario was now for growth of 6 to 7 per cent in 2011 – up from the previous forecast of 5.5 to 6.5 per cent because of faster first-quarter growth.

This chart gives a summary of the bank’s updated outlook.

(continue reading… )

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