Feb 10, 2011
7:00:00 AM
| Last Updated
According to the central bank’s (BCCh) monthly survey, inflation expectations have deteriorated for 2011 despite positive inflation dynamics in January—as a result of beneficial seasonality that positively affected the supply of food products. This inflationary scenario is also aligned with a more aggressive tightening cycle, which is now expected to bring the monetary policy rate to 5.5% from the previous 5% in 2011. Monetary policy expectations for the next 12 months have thus increased by 75 bps. Meanwhile, the[...]
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