MONTHLY SURVEY ON EXPECTATIONS September 2015 14 · Deadline for responses: September 9th, 2015:...

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Deadline for responses: September 9th, 2015 Median decile 1 decile 9 AnswersInflation (% change)Current month (monthly change) 0,7 0,4 0,8 59

Next month (monthly change) 0,3 0,2 0,5 59

In eleven months (12-month change) 3,7 3,1 4,1 60

In twenty three months (12-month change) 3,0 3,0 3,4 58

December 2015 (12-month change) 4,7 4,5 4,9 60

December 2016 (12-month change) 3,5 3,0 3,8 60Monetary Policy rate target (%) (*) Median decile 1 decile 9 AnswersCurrent month 3,00 3,00 3,00 60

Next month 3,00 3,00 3,25 60

In five months 3,25 3,00 3,50 60

December 2015 3,25 3,00 3,25 60

In eleven months 3,50 3,00 3,75 60

In seventeen months 3,50 3,25 4,00 58

In twenty three months 4,00 3,50 4,50 585-Year BCU (%) (*) Median decile 1 decile 9 AnswersIn two months 1,1 0,9 1,2 56


In twenty three months forward 1,5 1,2 2,0 54

5-Year BCP (%) (*) Median decile 1 decile 9 AnswersIn two months 4,2 4,0 4,5 56


In twenty three months forward 4,5 4,3 5,0 54

Exchange Rate (CH $ per US$ 1) (*) Median decile 1 decile 9 AnswersIn two months 690 674 700 58

In eleven months 680 648 720 58

In twenty three months forward 660 600 720 57

IMACEC (Monthly Activity Index) Median decile 1 decile 9 AnswersOne month ago 2,5 2,0 2,9 60

GDP (12-month change) Median decile 1 decile 9 AnswersWithin calendar quarter of the survey 2,5 2,0 2,7 60Year 2015 2,2 2,0 2,4 60Year 2016 2,7 2,0 3,0 60Year 2017 3,2 2,8 3,5 58(*) End of the month

The sample size of surveyed analysts was increased since April 2011.

MONTHLY SURVEY ON EXPECTATIONS September 2015Sent on September 3th, 2015 Survey September 2015

Monthly survey of selected academics, consultants, and executives or advisors of financial institutions and corporations. It is completed the day after the publication of the CPI or IMACEC (Monthly activity index), whichever the last known, and it is published the day after its reception, at 8:30 hrs. approximately (www.bcentral.cl, "Statistics" section, " Economic Surveys”, Website: http://www.bcentral.cl/en/faces/estadisticas/CircumPolls/EconoExpectations)

Monthly Survey On Expectations September 2015Inflation current month (monthly change)

Concepto Periodo (Varios elementos)Total general 1,3

Datosnro. rango rango2 % answers Nro. preguntas

1 <=0,5 23,73% 143 0,6 11,86% 74 0,7 40,68% 248 >=0,8 23,73% 14

Answers: 59 Median: 0,7%

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Monthly Survey On Expectations September 2015Inflation next month (monthly change)



1 <=0,2 11,86% 74 0,3 38,98% 236 0,4 28,81% 178 >=0,5 20,34% 12


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Monthly Survey On Expectations September 2015Inflation in eleven months (12-month change)



1 <=3,4 30,00% 182 3,5 15,00% 93 3,6 5,00% 34 3,7 10,00% 65 3,8 10,00% 66 3,9 1,67% 17 4 15,00% 98 >=4,1 13,33% 8


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Monthly Survey On Expectations September 2015Inflation in twenty three months (12-month change)

Concepto Periodo (Varios elementos)Total general 3


1 <=2,9 6,90% 44 3 55,17% 328 >=3,1 37,93% 22

Answers: 58 Median: 3%

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Monthly Survey On Expectations September 2015Inflation december 2015 (12-month change)



1 <=4,4 6,67% 42 4,5 23,33% 143 4,6 13,33% 84 4,7 18,33% 115 4,8 23,33% 146 4,9 8,33% 58 >=5 6,67% 4


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Monthly Survey On Expectations September 2015Inflation december 2016 (12-month change)



1 <=3,2 30,00% 182 3,3 5,00% 33 3,4 8,33% 54 3,5 18,33% 115 3,6 11,67% 76 3,7 10,00% 67 3,8 11,67% 78 >=3,9 5,00% 3


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Monthly Survey On Expectations September 2015Monetary Policy rate target current month



4 3 96,67% 586 3,25 3,33% 2


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Monthly Survey On Expectations September 2015Monetary Policy rate target next month



4 3 81,67% 498 >=3,25 18,33% 11


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Monthly Survey On Expectations September 2015Monetary Policy rate target In five months



1 <=3 21,67% 134 3,25 40,00% 248 >=3,5 38,33% 23


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Monthly Survey On Expectations September 2015Monetary Policy rate target december 2015



3 3 48,33% 294 3,25 41,67% 258 >=3,5 10,00% 6


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Monthly Survey On Expectations September 2015Monetary Policy rate target in eleven months

Median: 3,5%



1 <=3 10,00% 63 3,25 13,33% 84 3,5 53,33% 326 3,75 15,00% 97 4 8,33% 5

Answers: 60

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Monthly Survey On Expectations September 2015Monetary Policy rate target in seventeen months



2 3 6,90% 43 3,25 6,90% 44 3,5 39,66% 235 3,75 10,34% 68 >=4 36,21% 21


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Monthly Survey On Expectations September 2015Monetary Policy rate target in twenty three months

Median: 4%



1 <=3,25 5,17% 32 3,5 20,69% 123 3,75 13,79% 84 4 36,21% 215 4,25 6,90% 48 >=4,5 17,24% 10

Answers: 58

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Monthly Survey On Expectations September 20155-Year BCU In two months



1 <=0,9 10,71% 63 1 37,50% 214 1,1 17,86% 105 1,2 25,00% 148 >=1,3 8,93% 5


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Monthly Survey On Expectations September 20155-Year BCU in eleven months



1 <=1 10,91% 62 1,1 7,27% 43 1,2 16,36% 94 1,3 23,64% 135 1,4 10,91% 66 1,5 10,91% 67 1,6 5,45% 38 >=1,7 14,55% 8


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Monthly Survey On Expectations September 20155-Year BCU in twenty three months forward



1 <=1,2 12,96% 72 1,3 12,96% 73 1,4 11,11% 64 1,5 25,93% 145 1,6 5,56% 36 1,7 9,26% 57 1,8 1,85% 18 >=1,9 20,37% 11


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Monthly Survey On Expectations September 20155-Year BCP in two months



1 <=4 12,50% 73 4,1 17,86% 104 4,2 25,00% 145 4,3 25,00% 146 4,4 3,57% 27 4,5 7,14% 48 >=4,6 8,93% 5


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Monthly Survey On Expectations September 20155-Year BCP in eleven months



1 <=4,1 10,91% 62 4,2 10,91% 63 4,3 18,18% 104 4,4 12,73% 75 4,5 18,18% 106 4,6 5,45% 37 4,7 7,27% 48 >=4,8 16,36% 9


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Monthly Survey On Expectations September 20155-Year BCP in twenty three months forward



1 <=4,3 14,81% 83 4,4 9,26% 54 4,5 29,63% 165 4,6 9,26% 56 4,7 9,26% 57 4,8 5,56% 38 >=4,9 22,22% 12


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Monthly Survey On Expectations September 2015Exchange Rate in two months (CH $ per US$)

Median: $690



1 <=675 12,07% 72 680 8,62% 53 685 17,24% 104 690 25,86% 155 695 13,79% 86 700 15,52% 97 705 1,72% 18 >=710 5,17% 3

Answers: 58

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Monthly Survey On Expectations September 2015Exchange Rate in eleven months (CH $ per US$)

Median: $680



1 <=665 32,76% 192 670 3,45% 23 675 6,90% 44 680 10,34% 65 685 5,17% 36 690 8,62% 57 695 5,17% 38 >=700 27,59% 16

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Monthly Survey On Expectations September 2015Exchange Rate in twenty three months forward (CH $ per US$)

Median: $660



1 <=645 29,82% 172 650 10,53% 63 655 3,51% 24 660 7,02% 46 670 3,51% 27 675 1,75% 18 >=680 43,86% 25

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Monthly Survey On Expectations September 2015IMACEC (Monthly Activity Index) one month ago



1 <=1,75 6,67% 42 2 20,00% 123 2,25 15,00% 94 2,5 28,33% 175 2,75 16,67% 108 >=3 13,33% 8


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Monthly Survey On Expectations September 2015GDP within calendar quarter of the survey



1 <=2 18,33% 113 2,25 20,00% 124 2,5 45,00% 278 >=2,75 16,67% 10


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Monthly Survey On Expectations September 2015GDP year 2015 (12-month change)



1 <=2 30,00% 184 2,25 50,00% 308 >=2,5 20,00% 12


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1 <=2 11,67% 72 2,25 10,00% 63 2,5 26,67% 164 2,75 23,33% 146 3 20,00% 128 >=3,25 8,33% 5


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1 <=2,75 12,07% 72 3 34,48% 204 3,25 13,79% 86 3,5 32,76% 198 >=3,75 6,90% 4


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MONTHLY SURVEY ON EXPECTATIONS September 2015 14 · Deadline for responses: September 9th, 2015:...

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