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Chilean market points to key rate reaching its ceiling in October

The Chilean Central Bank could raise the Monetary Policy Rate (TPM) by some 50 basis points, taking it to 11.25%, at its meeting on Wednesday, October 12, and continue at that level for the next five months, when it would begin to fall, according to the Economic Expectations Survey (EEE) published this morning.

Analysts consulted by the issuing entity foresee that the adjustments in the reference interest rate will be attenuated as inflation begins to ease in Chile.

According to the survey, the monthly CPI would register an increase of 0.90% in October and 0.60% in November . . .

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