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Financial News: CHILE: Annual Inflation Will Slow To 2.50% In

CHILE: Annual Inflation Will Slow To 2.50% In The Next 12 Months-BC Survey

06/29/2017 - 22:25:00 (RTTNews)

(RTTNews) - Chile's inflation in the next 12 months will slow down to 2.50% but will remain near 2.80% in the next 24 months. Still, it will continue below the 3% Central Bank's target. The estimates are from a survey of traders conducted by the Chilean Central Bank.

In the previous poll, traders forecast the 12-month inflation at 2.60% and the 24-month at 2.80%. Regarding the expectations for the benchmark interest rate, the survey in the second half of June showed it stable at 2.50% for the current month. For the next 12 months, interest rates also stand at 2.50% but will accelerate to 3.00% in 24 months ahead, according to the respondents.

By the end of the year, the traders expect stability in the exchange rate, reaching 670 Chilean pesos per dollar.

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