Chile Three-Month Swap Rises, Implying No Rate Cut by February

Chile’s three-month interest-rate swap rate climbed 9 basis points to 5.20 percent today, implying that traders see a lower possibility of the central bank lowering rates before February.

The median forecast of 59 traders and investors in a central bank survey published yesterday was that the central bank rate would fall to 5 percent from 5.25 percent by February.

To contact the reporter on this story: Sebastian Boyd in Santiago at sboyd9@bloomberg.net

To contact the editor responsible for this story: Philip Sanders at psanders@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.