Chile’s Bond Market Trembles After Central Bank Hints at Rate Cut
- Maturities for nominal and UF Chilean swaps hit record lows
- Traders wait for adjustments to growth, neutral rate forecasts
The silhouettes of shoppers are seen purchasing food at a stand in Santiago, Chile.
Photographer: Luis Enrique Ascui/BloombergThis article is for subscribers only.
Chile’s fixed-income market is still trembling after the central bank said it is considering cutting its benchmark interest rate.
Medium- and long-term maturities in both nominal and inflation-linked Chilean swap curves fell to record lows Tuesday, a day after central bank minutes showed policy makers debated easing monetary policy during their May 9 meeting.