Chile Seen Holding Rates

Chile’s central bank is expected to hold interest rates steady at 5.25% at its meeting today, though analysts see cuts on the horizon. The bank’s own poll of local analysts called for a pause today and cuts to 5.0% by December and to 4.5% by this time next year. Nomura, calling for a pause today, sees a benchmark rate of 4.75% in 6 months time and 4.50% in a year.