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FILE PHOTO. A guard guards the door of the Central Bank of Chile in Santiago
SANTIAGO, March 24 (Archyde.com) – The Central Bank of Chile would raise the Monetary Policy Rate (MPR) to 7.5% at its meeting next week, in an accelerated withdrawal of monetary stimulus in the face of galloping inflationary pressure, revealed the Thursday a survey of the organism to operators.
The TPM -which has been at 5.5% since the end of January- would rise once more in May to 8.5%, but would return to 8.0% in a 12-month horizon.
For their part, consumer prices would increase by 1.2% in March, with which inflation would accumulate 7.4% in 12 months, well above the tolerance range of the Central Bank.
The Chilean peso will trade at 795 units per dollar in seven and 800 units in 28 days, according to the operators.
(Reporting by Fabián Andrés Cambero)
