INSUBCONTINENT EXCLUSIVE:
steady at 11.25% in June.However, they forecast the beginning of a rate cut cycle starting in July, with the TPM predicted to drop to
benchmark interest rate at the current level in its upcoming meeting.Chile Central Bank
(Photo Internet reproduction)But, they also predict this could be the last time in the current year the BCCh decides not to adjust the
TPM.In line with expectations of ongoing deceleration in inflation this year, the survey released on Wednesday projects the interest rate to
settle at 8.25% by December 2023.For the Consumer Price Index (CPI), financial operators anticipate a monthly variation of 0.10% in June,
0.30% in July, and 0.20% in August.Consistent with other forecasts, the survey respondents expect inflation to converge to the 3% target in
