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SocGen Sees Chile's Central Bank on Hold Later Tuesday

BY MT Newswires | ECONOMIC | 12:07 PM EDT

12:07 PM EDT, 03/24/2026 (MT Newswires) -- The Bank of Chile (BCCh) is set to leave the policy rate unchanged at 4.50% on Tuesday as the weaker peso (CLP) amplifies import price inflation, said Societe Generale.

The BCCh is slated to release its policy statement at 5 p.m. ET on Tuesday.

The window for additional easing by the BCCh has effectively narrowed, if not closed, noted the bank.

SocGen forecasts no change by BCCh and a more hawkish tone, regardless of subdued headline inflation at 2.37%. The short-term bias for USD/CLP remains for upside, with the 200-day moving average a "hurdle" situated at 928.00.

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

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