BofA Predicts Chilean Policy Rates Will Remain at 4.5% Through Year-End
Bank of America expects Chile’s central bank to keep its policy rate at 4.5% through the end of this year despite a significant fuel price shock earlier in 2026. The bank now forecasts two 25 basis-point rate increases in 2027 contingent on a recovery in GDP growth to 2.9%, driven by pro-growth reforms and higher copper prices. Recent inflation and…