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Tag: Central Bank of Chile

Chilean economy grew 0.2% in 2023, driven by energy, gas and water

Chilean economy grew 0.2% in 2023, driven by energy, gas and water Chilean economy grew 0.2% in 2023, driven by energy, gas and water

The Gross Domestic Product (GDP) of Chili It grew 0.2% in 2023, a performance much lower than that of 2022 (2.8%), although better than expected, due to the fall in trade activity, the Central Bank (BC) reported this Monday. ”During the year 2023, economic activity increased 0.2% in annual terms,” the BC said through its […]

Central Bank of Chile reduces interest rate to 7.25%

Central Bank of Chile reduces interest rate to 7.25% Central Bank of Chile reduces interest rate to 7.25%

The Central Bank (BC) of Chile reduced the monetary policy rate (MPR) on Wednesday by 100 basis points and set it at 7.25%, in the fifth consecutive cut after two years of increases to contain inflation. The Central Bank Council agreed to apply a sharp cut of 1 percentage point, considering that “inflation at the […]

Inflation in Chile falls more than expected in December; cut is expected

Inflation in Chile falls more than expected in December; cut is expected Inflation in Chile falls more than expected in December;  cut is expected

The Consumer Price Index (CPI) Chili registered a surprising decrease of 0.5% last December, placing interannual inflation at 3.9%, the National Institute of Statistics (INE) reported this Monday. According to the report published by the organization, “The decreases in food and non-alcoholic beverages and in recreation and culture stood out, and the increase in restaurants […]

Chile registers greater growth since January thanks to mining

Chile registers greater growth since January thanks to mining Chile registers greater growth since January thanks to mining

Chile’s economic activity posted the highest monthly growth since January after the mining sector recovered and monetary policymakers continued to reduce borrowing costs. Activity increased 0.6% in September compared to the previous month, according to the central bank’s Monthly Indicator of Economic Activity (Imacec), a benchmark for gross domestic product (GDP). The figure contrasts with […]

Central Bank of Chile reduces GDP growth forecast for 2023

Central Bank of Chile reduces GDP growth forecast for 2023 Central Bank of Chile reduces GDP growth forecast for 2023

He Central Bank of Chile On Wednesday, it slightly reduced its projection for the growth of the Gross Domestic Product (GDP) for 2023, which, affected mainly by mining, will not grow or even contract 0.5% according to the entity. The latest Monetary Policy Report (IPOM) reveals an adjustment in growth forecasts this year compared to […]

Central Bank of Chile cuts benchmark interest rate by 75 points

Central Bank of Chile cuts benchmark interest rate by 75 points Central Bank of Chile cuts benchmark interest rate by 75 points

He Central Bank of Chile cut its referential interest rate by 75 basis points on Tuesday to bring it to 9.5%, as part of the cycle of monetary easing amid lower inflationary pressure. The decision was unanimous. While market operators expected a reduction in key interest to 9.5%, analysts projected a drop to 9.25%. “The […]

Central Bank of Chile lowers GDP growth forecast for 2023

Central Bank of Chile lowers GDP growth forecast for 2023 Central Bank of Chile lowers GDP growth forecast for 2023

The Central Bank of Chile on Tuesday cut its growth projection for the Gross Domestic Product (GDP) for this year from a range of -0.5%-0.5%, as estimated last March to -0.5%%-0.25%. “The economy has been making progress in resolving the macroeconomic imbalances accumulated in recent years”, indicated the issuing entity in its Monetary Policy Report […]

The Chilean economy falls 0.6% in the first quarter of 2023 and lasts longer than expected

The Chilean economy falls 0.6% in the first quarter of 2023 and lasts longer than expected The Chilean economy falls 0.6% in the first quarter of 2023 and lasts longer than expected

The economy Chilean it fell 0.6% in the first quarter of 2023 compared to the same period of the previous year, less than expected, due to a downward incidence of trade and the agricultural-forestry sector, the Central Bank reported on Thursday. Personal services, on the other hand, were the main contribution to the rise, partially […]

Chilean economy falls in the fourth quarter, but advances 2.4% in all of 2022: Central Bank

Chilean economy falls in the fourth quarter, but advances 2.4% in all of 2022: Central Bank Chilean economy falls in the fourth quarter, but advances 2.4% in all of 2022: Central Bank

The Chilean economy registered a fall in the fourth quarter amid an expected adjustment after the rapid recovery from the impact of the coronavirus pandemic. COVID-19caused by a restrictive monetary policy to contain inflationary pressure. According to data from the Central Bank released on Monday, the Gross Domestic Product (GDP) it yielded 2.3% between October […]

Chilean Central Bank maintains rate at 11.25% with “high” inflation

Chilean Central Bank maintains rate at 11.25% with “high” inflation Chilean Central Bank maintains rate at 11.25% with “high” inflation

The Central Bank of Chili reported this Thursday that it will maintain the referential interest rate at 11.25% for the second consecutive time and warned that inflation in the South American country remains high. Unanimously, the board of the issuing entity kept unchanged the so-called monetary policy rate (TPM), which rose rapidly in October to […]