Scotiabank Previews This Week's Central Bank Policy Meetings in Chile, Colombia

07:33 AM EDT, 10/28/2025 (MT Newswires) -- Chile's central bank (BCCh) is unanimously expected to

leave its overnight rate unchanged at 4.75% later

Tuesday, said Scotiabank.

Inflation is running too hot at 4.4% year over year, noted the bank.

Scotiabank recalled that BCCh also indicated patience when it said in its last decision that "the risk of greater inflation persistence calls for gathering more information before continuing the process of guiding the MPR toward its neutral range."

Colombia's central bank (BanRep) is widely expected to remain on hold at an overnight lending rate of 9.25% on Friday, stated Scotiabank.

It has been on hold since its last rate reduction in April. Inflation remains too high to contemplate further easing at this juncture, pointed out the bank. The consumer price index is running at 5.2% year over year, with core inflation just a hair beneath 5%.

Inflation expectations also remain elevated, added Scotiabank.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.