LatAm Daily | The Chilean CB will soon migrate towards a neutral bias for rates

In Chile, the only policy option for the CB in its last MP meeting was to keep rates on hold at 3.5%, migrating from a restrictive tone to a more neutral bias. In Brazil, GDP fell 0.3% QoQ in 1Q16, less than expected. In Peru, inflation keeps going down and we foresee that it will continue moderating in the coming months.

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