LatAm Daily | GDP forecasts for 2015 and 2016 revised downwards in Chile

While markets expect Imacec to increase in September and long-term inflation expectations remain anchored to the CB’s target of 3% YoY, their growth forecasts were revised downward and a 25bp hike in the MPR is likely in November. Brazilian retail sales will probably contract again in August due to the adverse economic situation.

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