Growing imbalances in the drivers of Chilean growth leave the economy vulnerable to a deterioration of its terms of trade, particularly via falling metals prices, over the year ahead. With this in mind we expect to see a further 100bps of rate cuts in 2012, taking the benchmark rate to 4.0% by year-end.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services