Latam Daily: BCCh Decision and MPR Recap

The Central Bank of Chile held its policy rate at 4.5% in line with market expectations, guiding for a pause until mid-2027. The report highlights downward revisions to GDP growth amid persistent external risks and supply-side shocks.

Key Takeaways

• 1.The Central Bank of Chile (BCCh) kept the policy rate unchanged at 4.5%, with a baseline scenario pointing to a prolonged pause through mid-2027.
• 2.GDP growth forecasts for 2026 were revised down to 1.0–1.75% due to an adverse external environment and a domestic supply shock in the fishing sector.
• 3.The fiscal outlook was revised to a more expansionary stance (+1.2% of GDP), reducing the projected drag on economic growth.

Table of Contents

• Latam Daily: BCCh Decision and MPR Recap
• KEY TAKEAWAYS

Document Preview

Page 1 of 3

Subscribe for full accessStart Free Trial