Chile’s central bank is likely to reduce its benchmark interest rate by 25 basis points to 4.75% at its upcoming July 28 meeting, according to a central bank poll of analysts. The survey suggests that further easing is expected, with rates projected to fall to 4.5% over the next five months. Inflation, while under control, is still present, with analysts forecasting a 0.6% rise in consumer prices for July. The move would mark another step in the central bank’s ongoing efforts to stimulate economic activity while keeping inflation expectations anchored.
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