Forex - Chile Flows: CLP Strengthens to 785 on Hawkish BCCH


 14:06 (GMT) 05 Dec

  [Forex Flows]   [Central Banks]

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Chile Flows: CLP Strengthens to 785 on Hawkish BCCH (0101-QDHR-C01)

CLP is gaining 0.78% to 785 after the Central Bank of Chile surprised a small majority of the market (as per BBG survey) by keeping the rate unchanged at 1.75% instead of cutting by 25bp. Today's quarterly monetary policy report provided further support, as its balance of risks seem to suggest that, after a pause for the next few months, the Bank sees an equal or even slightly greater possibility of tightening policy than of easing further.


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