Mar 11, 2011
| Last Updated
Inflation expectations continue to deteriorate in Chile, as shown by the central bank’s (BCCh) latest monthly and bi-weekly surveys on various economic indicators. While monthly inflation is expected to spike to 0.7% m/m in March, expectations for medium-term inflation (year-end 2011 and 12-month ahead) have worsened by between 40-50 bps, while longer-term expectations increased by 30 bps. The deteriorated inflation outlook comes, in tandem with a stronger-than-expected tightening cycle, which in the monthly survey[...]
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