LatAm Daily | CBs in Peru and Chile kept policy rate on hold, as widely expected

Summary

Peru’s CB raised concerns about the inflation outlook and did not rule out the idea of a rate hike in the coming months. Yet we do not expect any changes in the short term. Meanwhile, Chile’s inflation rate will remain above 4% for longer due to sharper currency depreciation, although we still expect the Board to discuss further stimulus once inflation eases in 4Q15.

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