Chile cenbank flags easing, revises down growth, inflation

SANTIAGO Dec 19 Chile’s central bank forecast
2017 GDP growth of between 1.5 and 2.5 percent on Monday, a
downward revision from its previous forecast of 1.75 to 2.75
percent growth.

In its quarterly IPoM economic report, the bank said that
its base case regarding monetary policy is similar to that in
various market forecasts, which point to expectations of two 25
basis point rate cuts.

The bank also revised down its inflation forecast for 2017
to 2.9 percent from a previous view of 3.1 percent.

(Reporting by Anthony Esposito, Antonio de la Jara and Gram
Slattery; Editing by Chizu Nomiyama)

Source: Reuters


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