Monetary Policy Report Reinforces Previous Messages

CHILE - Report 05 Sep 2013 by Luis Cespedes (Chile)
In the Monetary Policy Report presented yesterday to Congress, the Central Bank reinforced the message that it has been providing over the past months. In particular, the Central Bank indicated that if the recent slowdown in GDP growth in the context of a weaker external impulse consolidates, then some adjustments in the monetary policy rate might be necessary. But, given that private consumption has shown increased dynamism recently, those cuts have not yet materialized. What about the assumptions for the external scenario in the new monetary policy report? As of now, the Central Bank is e...

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