Chile: Business confidence improves in February
Business confidence rose to 44.9 in February from January’s 43.7. February’s result marked the best performance since May 2022, and could be linked to recent interest rate cuts. However, the index...
View ArticleChile: Inflation comes in at highest level since November 2023 in February
Inflation increased to 4.5% in February from January’s 3.8%. February’s reading represented the highest inflation rate since November 2023 and was above the Central Bank’s 2.0%–4.0% target range....
View ArticleChile: Economic growth slows in Q4
GDP growth moderated to 0.1% on a seasonally adjusted quarter-on-quarter basis in the final quarter of 2023, from 0.8% in the third quarter. On an annual basis, economic growth lost momentum, cooling...
View ArticleChile: Economic activity records quickest growth since May 2022 in February
Economic activity increased 4.5% compared to the same month a year earlier in February, which was above January’s 2.3% increase and triple market expectations. February’s print marked the best reading...
View ArticleChile: Business confidence hits highest reading since May 2022 in March
Business confidence rose to 46.3 in March from February’s 44.9. March’s result marked the best performance since May 2022. However, the index remained below the 50-point threshold, signaling pessimism...
View ArticleChile: Central Bank cuts rates in April; signals further cuts ahead
On 2 April, the board of the Central Bank of Chile (BCCH) cut the monetary policy rate (MPR) from 7.25% to 6.50%. Rates have now fallen by 475 basis points since their peak last July. The decision to...
View ArticleChile: Inflation falls to lowest level since May 2021 in March
Inflation came in at 3.7% in March, down from February’s 4.5% and moving back within the Central Bank’s 2.0%–4.0% target range. March’s figure represented the weakest inflation rate since May 2021. The...
View ArticleChile Industrial Production (ann. var. %)
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View ArticleChile Money (ann. var. of M2 %)
The post Chile Money (ann. var. of M2 %) appeared first on FocusEconomics.
View ArticleChile: Business confidence decreases in April
Business confidence came in at 44.1 in April, down from March’s 46.3. As a result, the index remained below the 50-point threshold separating pessimism from optimism among consumers. April’s reading...
View ArticleChile: Economic activity growth eases in March
Economic activity rose 0.8% in year-on-year terms in March, which was a deterioration from February’s 4.5% increase. The reading was largely driven by softer growth in the mining sector and a...
View ArticleChile: Inflation rises in April
Inflation came in at 4.0% in April, which was up from March’s 3.7% and at the upper bound of the Central Bank’s 2.0%–4.0% target range. The acceleration was largely driven by increasing prices for food...
View ArticleChile: GDP growth records best reading since Q4 2021 in Q1
GDP growth accelerated to 1.9% on a seasonally adjusted quarter-on-quarter basis in the first quarter, up from 0.1% in the fourth quarter of last year and broadly in line with market expectations. Q1’s...
View ArticleChile: Central Bank of Chile decreases rates in May
At its meeting on 23 May, the Central Bank of Chile decided to lower the monetary policy interest rate (MPR) by 50 basis points to 6.00%, in line with market expectations and taking total rate cuts to...
View ArticleChile: Business confidence improves in May
Business confidence came in at 45.3 in May, up from April’s 44.1 and marking a two-year high. However, the index remained below the 50-point threshold, indicating pessimism among businesses. May’s rise...
View ArticleChile: Economic activity expands year on year in April, but shrinks month on...
Economic activity expanded 3.5% compared to the same month of the previous year in April, which was above March’s 0.5% increase. Looking at the details of the release, the mining sector weakened in...
View ArticleChile: Inflation increases in May
Inflation came in at 4.1% in May, up from April’s 4.0% and slightly above the Central Bank’s 2.0%–4.0% target range. Looking at the details of the release, the change in prices for food and...
View ArticleChile: Central Bank of Chile decreases rates in June
At its meeting on 18 June, the Central Bank of Chile agreed to reduce the monetary policy interest rate by 25 basis points to 5.75%. This followed a 50 basis-point cut at the prior meeting and took...
View ArticleChile: Economic activity growth loses pace in May
Economic activity grew 1.2% year on year in May (April: +3.5% yoy), below market expectations. Looking at the details of the release, the mining sector gained traction in May, while the non-mining...
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