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

Oct. 27 (Bloomberg) -- 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.

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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