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The Central Bank raises the rate and converts it into an attractive "conduct" in its next moves



Following the decision, according to the forecast, analysts believe that long-term stability is stable.

After the end of December, the Central Bank Board decided to withdraw from the weakening of yesterday, with a rise of 3.0 points based on the Monetary Policy Rate (MPR) of 3.0 points.

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The process that begins in October is part of the economic recovery in Chile in 2018, after reaching a 4% GDP expansion.

In its statement, autonomous bodies continue to "slow down their monetary stimulus following macroeconomic conditions in line with the purpose of the latest Cash Flow Report."

At the same time, they emphasized that the process "must be gradual and careful", keeping the tone taken in the December meeting. In addition, the next Monetary Policy Report "will pay special attention to the evolution of the international arena and its implications for inflation for this purpose."

The decision was adopted unanimously by the members of the Council.

Increased pace

In its statement, Mario Marcel's Board of Directors mentioned that "the economy has recovered its dynamism, in accordance with the December Monetary Bill", highlighting the importance of mining in the non-sector sector and related sectors for investment.

With regard to prices, the statement emphasized that the lowest progression of accumulated inflation in 2018 (2.6% closed in the month), which was below the 3% "was" more volatile as a result of the decline in component prices, "adding" more vulnerable activities, like IPCSAE regular services, to keep climbing on the pavilion ".

Of course, he acknowledged that the outside front is more than the surging prediction of growth, that the financial market disorders and political and economic risks remain. "

"Economic efficiency has deteriorated", the contrast marked by the United States, developed and in the new world, is characterized by the "dynamic" activity data.

That is what they say, the global central banks "gradually gradually increased the normalization rate of their monetary policies at market prices".

The market sees a long maintenance

Based on Scotiabank's Economic and Financial Research, the withdrawal of the stimulus will continue with the "market-driven rate" and a "long-term maintenance" projection will be projected as "having less economic dynamics in the first months of the year, with its own idiosyncrasy and external control, and with the recovery of inflation. At a lesser extent than the Central Bank forecast ".

Banchile Investments has stated that the Council "would probably use caution in its strategy" and that "the four 2019 four-way routes that match the strategy for neutrality in the first half of 2019 will not be implemented."

For Bci Estudios, which sees two complementary routes, the effect of the markets would mean a "short-term exchange rate adjustment".

Joaquin Aguirre, the director of Tanner Investment Studies, gradually increased the "increase of what had to be done" by the TPM, which was "at a sufficient level" at its neutral level.

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