Natixis - Chile: Monetary Policy Meeting Preview - Approaching neutrality

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Natixis

Benito Berber

Chile: Monetary Policy Meeting Preview - Approaching neutrality

The moderation in inflation and economic weakness will prompt the BCCh to cut its policy rate sooner than we had anticipated, reaching the nominal neutral rate range of 3.5–4.5% this year. Specifically, we forecast a 25 bps rate cut to 4.75% on the 29 July monetary policy meeting . In fact, after the release of the June CPI in early July, we lowered our December forecast for the policy rate to 4.25% from 4.50%. We also lowered our terminal rate forecast to 3.75% from 4.00%.

25/07/2025 1 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Benito Berber

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Chile: Monetary Policy Meeting Preview - Approaching neutrality

Colombia : Monetary Policy Preview - The Case for Renewed Rate Cuts

EDF : Prudent outlook for H2 after a solid performance in H1

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