Chile would lower its benchmark interest rate in April, according to a survey

Financial operators estimate that the Council of the Central Bank of Chile will maintain the reference interest rate at 11.25% in its next monetary policy meeting to be held this week, according to a survey published this Monday by the issuing entity.

Those consulted point out that it will be in April when the monetary policy rate (TPM) will be cut, taking it to 10.75%, after several months of consecutive increases to control strong inflation.

According to the Survey of Financial Operators, borrowing costs would be brought to 8.50% in July of this year, and would continue to drop in 2024.

The polled said that the consumer price index (CPI) would register a monthly variation of 0.50% during January, which means a moderation with respect to the expectations of the previous measurement.

For February the monthly CPI would reach 0.30% and in March 0.90%.

Financial operators also indicated that annual inflation would reach 4.60% within 12 months.

For its part, the exchange rate in Chile would be around $825 per dollar within the next seven days and at $830 in the next 28 days.

With information from Bloomberg