The Chilean economy is in a unique position worldwide: as it is the first to enter a recession, it will be the first to recover. Together with historically cheap valuations, this will lead to a sustained outperformance of Chilean…
Last Friday, the Central Bank of Chile became the first major Latin American monetary authority to cut rates, thereby beginning the EM monetary easing cycle. In its latest meeting, board members decided to reduce the policy…
The Chilean economy is entering a recession. After two years of tightening fiscal and monetary policies, real economic growth is beginning to contract and inflation is tumbling. Our Emerging Markets strategists expect the…
Chile’s equity market is set to sustainably outperform its EM peers on the back of political and macroeconomic tailwinds. The new moderate constitution and pragmatic government will boost market sentiment. A continued economic…
The Chilean economy is entering a recession. Inflation will drop rapidly and the central bank will cut rates meaningfully in H2 2023. We continue to recommend a structural overweight across Chilean risk assets on the basis of falling…
After years of underperformance, the pieces are finally falling into place for Chilean equities to sustainably outperform their EM peers. Political uncertainty has dissipated with the establishment of a pragmatic government and the…
Executive Summary Copper Will Remain Tight Even In Recession Supply-chain disruptions arising from Russia's invasion of Ukraine and demand hits from lockdowns in Shanghai are increasing the odds of a global recession,…
Executive Summary Chile: Stocks Rally When Inflation Rolls Over The Chilean economy is overheating. Headline and core inflation have more than doubled the central bank’s target and wage growth is surging. Odds are…
Highlights Odds favor left-wing candidate Gabriel Boric to win the second round of this weekend’s presidential elections. If this scenario takes place, Chilean equities and the currency will sell off considerably. Nevertheless…
Dear Client, Next week, we will be sending you BCA Research’s Annual Outlook, featuring long-time BCA client Mr. X, who visits towards the end of each year to discuss the economic, financial and commodity market outlook for the…