Chile: Business confidence records worst reading since January in June
Business confidence came in at 43.8 in June, down from May’s 45.3. June’s result marked the weakest sentiment since January. Consequently, the index remained below the 50-point threshold indicating...
View ArticleChile: Inflation rises in June
Inflation came in at 4.2% in June, which was up from May’s 4.1% and above the Central Bank’s 2.0%–4.0% target range. Looking at the details of the release, prices for food and non-alcoholic beverages...
View ArticleChile: Central Bank of Chile leaves rates unchanged in July
At its meeting on 31 July, the Central Bank of Chile decided to maintain the monetary policy interest rate at 5.75%. The move surprised market analysts, who had expected a cut. The Bank’s desire to...
View ArticleChile: Economic activity growth eases to six-month low in June
Economic activity increased 0.1% in year-on-year terms in June, which was a deterioration from May’s 1.1% increase and undershot market expectations. The figure marked the weakest reading since...
View ArticleChile: Business confidence rises in July but remains downbeat
Business confidence came in at 45.3 in July, up from June’s 43.8. As such, the index remained below the 50-point threshold, indicating that businesses were pessimistic. July’s reading was driven by an...
View ArticleChile: Inflation comes in at highest level since November 2023 in July
Inflation came in at 4.6% in July, which was up from June’s 4.2% and moved further above the Central Bank’s 2.0–4.0% target range. July’s reading was the highest inflation rate since November 2023....
View ArticleChile: GDP records sharpest contraction since Q2 2023 in the second quarter
GDP reading: GDP declined 0.6% on a seasonally adjusted quarter on quarter basis in the second quarter, contrasting the 2.1% expansion logged in the first quarter and marking worst result since Q2...
View ArticleChile: Business confidence hits highest reading since March in August
Business confidence rose to 46.1 in August from July’s 45.3. August’s result marked the best performance since March. However, the index remained below the 50-point threshold, indicating sustained...
View ArticleChile: Economic activity rises in annual and monthly terms in July
Economic activity expanded 4.2% year on year in July (June: +0.2% yoy). A pick-up from June was always likely, as economic activity in June was weighed on by temporary factors such as the early winter...
View ArticleChile: Central Bank of Chile decreases rates in September
Latest bank decision: At its meeting on 3 September, the Central Bank of Chile agreed to reduce the monetary policy interest rate by 25 basis points to 5.50%. This takes total monetary easing since...
View ArticleChile: Central Bank of Chile decreases rates in October
Latest bank decision: At its meeting on 17 October, the Central Bank of Chile decided to lower the monetary policy interest rate by 25 basis points to 5.25%, in line with market expectations. This...
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