Chile Seen Hiking Rate

Chile’s central bank is expected to tighten its monetary policy rate by 25bp today to bring it to 3.00%. Morgan Stanley says that the hike will be due to the disinflationary impact of a stronger Chilean peso. Meanwhile, Celfin, which also sees a 25bp hike today, expects another 25bp increase in December’s meeting, bringing the rate to 3.25% by the end of the year.