Mercados emergentes-Ladam FX desactivado, Chile c. El banco está enfocado

    * Chile expected to hike by at least 75 bps
    * Latam stocks up 

    By Ambar Warrick
    Oct 13 (Reuters) - Chile's peso traded sideways ahead of a
widely anticipated interest rate hike by the central bank, while
most other Latin American currencies were muted against the
dollar after U.S. inflation rose past expectations. 
    The peso fell 0.1% to the dollar as investors awaited
comments from the central bank on how it planned to respond to a
recent spike in inflation. 
    The bank is broadly expected to hike rates by at least 75
basis points (bps) to 2.25%, although some analysts have flagged
the possibility of a 150 bps hike.
    "The adverse inflation result in September, the likely
deterioration of inflation expectations, and the still-strong
economic performance, will probably lead the bank to accelerate
the removal of monetary stimulus," Credit Suisse analysts wrote
in a note.
    They expect the bank to hike by 100 bps. Chile's central
bank had effectively doubled rates to 1.5% in August, as a
strong vaccination campaign helped spur a recovery from
COVID-related restrictions. 
    Still, the peso was trading around 17-month lows, amid
pressure from weak copper prices, a shock jump in inflation, and
broadly weak trends surrounding emerging markets.
     Other Latin American currencies were flat on Wednesday, as
the dollar was boosted by U.S. consumer price data coming in
slightly above expectations.
    The reading stoked expectations that the Federal Reserve
will announce a tapering of stimulus next month, which is likely
to push up interest rates in the developed world and pressure
emerging markets.
    A director at Brazil's central bank on Wednesday said the
risk of out-of-control inflation in the United States would
create a much more challenging outlook for emerging markets.

    Concerns over rising inflation have hurt emerging market
assets in recent months, with a spike in oil prices adding more
pressure on several import-reliant economies. 
    Brazilian stocks rose 0.2% as Economy Minister Paulo
Guedes said the government remained committed to pushing through
tax and public administration reforms, and that medium-term
fiscal sustainability remains critical.
    Most other regional stock indexes also rose, tracking a mild
recovery in emerging market stocks. 
    Key Latin American stock indexes and currencies:
                              Latest       Daily % change
 MSCI Emerging Markets         1259.51                   0.47
 MSCI LatAm                    2216.38                  -0.04
 Brazil Bovespa              112433.32                   0.23
 Mexico IPC                   51959.34                   0.24
 Chile IPSA                    4060.25                  -1.04
 Argentina MerVal                 0.00                      0
 Colombia COLCAP               1388.51                   0.15 Currencies             Latest       Daily % change
 Brazil real                    5.5506                  -0.26
 Mexico peso                   20.7338                   0.20
 Chile peso                      823.3                  -0.06
 Colombia peso                 3720.53                  -0.04
 Peru sol                       4.0192                   0.17
 Argentina peso                99.1200                  -0.02

 (Reporting by Ambar Warrick; Editing by Andrea Ricci)

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