Chile central bank benchmark rate seen at 10.25% in September: poll of traders


SANTIAGO, Aug 1 (Reuters) - Chile's central bank would raise the Monetary Policy Rate (MPR) to 10.25% at its September meeting to counteract inflationary pressure, a survey of market operators showed on Monday.

The MPR, which has been at 9.75% since July, would drop to 8.5% over a 12-month horizon.

The poll shows that consumer prices are expected to rise by 1.2% in July, which would result in an inflation rate of 9% in 12 months, above the central bank's tolerance rate.

The Chilean peso is also expected to trade at 905 per dollar in 7 days and 920 in 28 days, according to the operators.

(Report by Fabián Andrés Cambero; Writing by Alexander Villegas)

((; twitter: @fab_reuters; +569 62479675;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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