Monday , January 18 2021

Businesses anticipate negative inflation in December and project increases in 2019



The December IPC record could be slightly negative. This is evidenced by the report of the financial operators published by the central bank this morning, where the inflation expectations for the last month of the year were -0.1%.

Agricultural financing operators predict that consumer prices will deviate from the 0.1% negative fluctuation in December, after which inflation will remain at 2.6% by 2018, as announced by the central bank today.

According to the Financial Operator Survey (EOF) published by the issuer on Thursday, 60 experts who participated also estimated that in January 2019 consumer prices would rise by 0.1% and the same percentage in February.

In 2017, inflation was 2.3%.

Over the next 12 months, it is estimated that the average annual inflation will be 2.6% and 2.9% over the next 12 months.

In this context, they will focus on raising the central bank's monetary policy rate (MPR) by 25 basis points in January, to a maximum of 3.00% of the nominal annual and 3.25%. June 2019

With regard to the exchange rate, they estimate that the dollar will be 685 pesos in the next 7 days and 680 pesos in the next 28 days.

The survey is carried out every two weeks and is aimed at the bank, pension fund managers, insurance companies, brokers, securities representatives, mutual funds and foreign entities that are active chile.


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