SANTIAGO, Aug 1 (Reuters) – Chile’s central bank would elevate the Monetary Policy Rate (MPR) to 10.25% at its September assembly to counteract inflationary strain, a survey of market operators confirmed on Monday.
The MPR, which has been at 9.75% since July, would drop to eight.5% over a 12-month horizon.
The poll reveals that shopper costs are anticipated to rise by 1.2% in July, which might end result in an inflation rate of 9% in 12 months, above the central bank’s tolerance rate.
The Chilean peso can be anticipated to trade at 905 per greenback in 7 days and 920 in 28 days, in keeping with the operators.
(Report by Fabián Andrés Cambero; Writing by Alexander Villegas)
((fabian.cambero@thomsonreuters.com; twitter: @fab_reuters; +569 62479675;))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.