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    Chile expected to remain ‘on hold’ this week, Colombian data eyed – BBH

    Analysts at BBH see the Chilean central bank keeping its monetary stance unchanged at this week’s meeting.Key QuotesChile’s central bank meets Thursday and is expected to keep rates steady at 3.5%.  CPI rose 4.2% y/y in May, slightly above the 2-4% target range but falling.  As such, we see the central bank on hold, with risks of an easing cycle if the economy remains sluggish”.Colombia reports April retail sales and IP.  The former is expected to rise 3.5% y/y, while the latter is expected to rise 6.3% y/y.  The economy is fairly robust despite the rate hikes already seen.  CPI rose 8.2% y/y in May, a cycle high and further above the 2-4% target range.  The central bank next meets June 22 and is expected to deliver another 25 bp hike to 7.5%”.

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