Chile central bank to cut bank rate again in December - poll
SANTIAGO, Sept 10 (Reuters) - Chile's central bank is expected to cut its benchmark interest rate for the third time this year to 1.75 percent by December, according to a monthly poll of 47 analysts published by the bank on Tuesday, as growth and inflation continue to sputter in the world's top copper producer.
Chilean central bank policymakers last week revised down their 2019 year-end inflation forecast to 2.7%, from a previous prediction of 2.8%. Concerns over lagging inflation and global trade tensions prompted the bank to twice slash interest rates since June.
Analysts see the trend of expansive monetary policy continuing through much next year, even as year-on-year growth is predicted to hit 3.10% by December 2020, according to the poll.
Annual inflation will reach 2.80% over the next 11 months, according to the poll, still the low end of the Central Bank's target range.
Median estimate (pct)
Inflation in September
Inflation over next 11 months
Interest rate in October
Interest rate in 5 months
Exchange rate in 2 months (peso/$)
Imacec in August (y/y)
GDP in Q3 2019 (y/y)
(Reporting by Dave Sherwood Editing by Peter Graff)
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