Chile central bank benchmark rate seen at 10.25% in September: poll of traders


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)

((; twitter: @fab_reuters; +569 62479675;))

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