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Chile's central bank has reduced its key interest rate to 5.25% for the second consecutive meeting, aiming to reach a neutral level to neither stimulate nor restrict economic activity. Policymakers are responding to economic challenges, including volatile monthly economic activity figures and inflation easing back to the 3% target. The central bank plans to continue lowering rates until reaching 4% by June 2025, with a focus on fine-tuning policy to address signs of weakness and stagnation in the economy. [Extracted from the article]

Chile's central bank has reduced its key interest rate to 5.25% in an effort to support economic growth and meet inflation targets. The decision to lower rates was unanimous among board members, with further reductions expected in the future. Despite challenges such as high unemployment and decreased economic activity, policymakers are optimistic about reaching their inflation goal of 3% by early 2026. President Gabriel Boric has proposed a public spending increase to address social demands, pending congressional approval. [Extracted from the article]

Chile's Interior Ministry Undersecretary Manuel Monsalve has resigned amid allegations of rape, a move that has significant implications for the government's crime-fighting efforts. Monsalve denies the accusations and asserts his innocence, stating that he will cooperate with the investigation. The incident not only impacts the government's anti-crime strategies but also raises questions about women's rights in a country that has been a strong advocate for gender equality. [Extracted from the article]

Chile's central bank has reduced its key interest rate to 5.25% for the second consecutive meeting, aiming to reach a neutral level to support the struggling economy. Policymakers are responding to volatile economic activity and inflation pressures, with further rate cuts expected in the future. Despite challenges such as high unemployment and muted confidence levels, the central bank is focused on fine-tuning its policies to stimulate economic growth. [Extracted from the article]

Chile's central bank has reduced its key interest rate to 5.25% in an effort to support economic growth and meet inflation targets. Policymakers anticipate further rate cuts as inflation is expected to slow to the target of 3%. Despite challenges such as high unemployment and decreased economic activity, the central bank remains optimistic about the economy's trajectory. President Gabriel Boric has proposed a public spending increase to address social demands, pending congressional approval. [Extracted from the article]

Chile's consumer prices rose less than expected last month, which is positive news for the central bank as they plan to cut interest rates. Prices increased by 0.1% from August, matching the lowest estimate in a survey of analysts. Annual inflation decreased to 4.1%, although it remains above the target of 3%. The central bank is expected to continue loosening monetary policy, despite upcoming electricity tariff hikes and weak sectors such as real estate. Economists predict that the central bank will cut interest rates in October and December. [Extracted from the article]

Chile's consumer prices rose less than expected last month, which is positive news for the central bank as they plan to cut interest rates. Inflation ticked down to 4.1%, still above the target of 3%. The central bank is facing electricity tariff hikes and weak sectors like real estate, but consumer demand is uneven. Food and non-alcoholic beverage costs fell, while clothing prices increased. The central bank plans to lower borrowing costs given the lower consumer price risks. Economic activity also declined in August. Economists and traders predict rate cuts in October and December. The central bank expects inflation to ease to 3.6% by December of next year. [Extracted from the article]

Chile's consumer prices rose less than expected last month, which is positive news for the central bank as they plan to cut interest rates. Inflation remains above the target of 3%, but it has ticked down to 4.1% in the chained series. The central bank believes that borrowing costs will decrease due to lower consumer price risks. Additionally, economic activity in August declined, surprising analysts. Economists and traders predict that the central bank will deliver rate cuts in October and December. The central bank expects inflation to ease to 3.6% by December of next year. [Extracted from the article]

Chile's economic activity unexpectedly contracted in August, primarily due to a decline in services, supporting the central bank's plan for further interest rate cuts. The Imacec index, a measure of gross domestic product, fell 0.2% on the month, in line with analysts' estimates. The central bank has already cut interest rates nine times in the past year, and with GDP contraction in the second quarter, rising unemployment, and low business confidence, more rate cuts are expected. However, there were some positive signs, with commerce and mining activity showing growth. The government still predicts a 2.6% expansion in the economy for 2024. [Extracted from the article]

Chile's economic activity unexpectedly contracted in August, primarily due to a decline in services, supporting the central bank's plan for further interest rate cuts. The Imacec index, a measure of gross domestic product, fell 0.2% on the month, in line with analysts' estimates. The central bank has already cut interest rates nine times in the past year, and with the recent contraction in GDP, they are expected to continue easing monetary policy. Despite the economic challenges, the government still predicts a 2.6% expansion in GDP for this year. [Extracted from the article]

Chile's economic activity unexpectedly contracted in August, primarily due to a decline in services, supporting the central bank's plan for further interest rate cuts. The Imacec index, a measure of gross domestic product, fell 0.2% on the month, in line with analysts' estimates. The central bank has already cut interest rates nine times in the past year, and with GDP contraction in the second quarter, rising unemployment, and low business confidence, more rate cuts are expected. However, there were some positive signs, with commerce and mining activity showing growth. The government still predicts a 2.6% expansion in the economy for 2024. [Extracted from the article]

Chile's economic activity unexpectedly contracted in August, primarily due to a decline in services, supporting the central bank's plan for further interest rate cuts. The Imacec index, a measure of gross domestic product, fell 0.2% on the month, in line with analysts' estimates. The central bank has already cut interest rates nine times in the past year, and with the recent contraction in GDP, they are expected to continue easing monetary policy. Despite the economic challenges, the government still predicts a 2.6% expansion in GDP for this year. [Extracted from the article]

Chilean lawmakers have approved legislation aimed at reducing tax evasion and increasing government revenue. The bill includes stricter penalties for tax crimes, improved oversight of businesses, measures to combat informality in the economy, and limits on cash payments. The legislation is expected to generate an additional $4.5 billion in tax income, equivalent to 1.5% of the country's GDP. The approval comes just in time for President Gabriel Boric's administration to finalize the 2025 budget proposal, which will allocate $1.2 billion for social spending, including pension boosts and public security enhancements. However, some economists have expressed doubts about the projected revenue increase. [Extracted from the article]

Chilean lawmakers have approved legislation aimed at reducing tax evasion and increasing government revenue. The bill includes stricter penalties for tax crimes, improved oversight of businesses, measures to combat informality in the economy, and limits on cash payments. The legislation is expected to increase government tax income by 1.5% of GDP, or approximately $4.5 billion. The approval of the bill comes just in time for President Gabriel Boric to present the 2025 budget proposal, which will include an additional $1.2 billion in government income. However, some economists have expressed doubts about the projected revenue from the legislation. [Extracted from the article]

Chile's central bank has stated that its interest rate can decrease towards a neutral level due to reduced inflation risks. The bank's board members considered reducing the interest rate by either 50 or 25 basis points during their September 3 decision, ultimately choosing to lower borrowing costs by a quarter-point to 5.5%. The bank believes that recent data, including lower demand and inflation expectations aligned with the 3% target, has reduced the risks of higher inflation in the medium term. Despite facing an inflation shock and an uncertain economy, the central bank is cutting borrowing costs to support domestic demand and the labor market. The bank has indicated that it sees the neutral rate, which neither stimulates nor restricts the economy, in a range between 3.5% and 4.5%. In August, annual inflation reached 4.7%, surpassing the 3% target. Analysts surveyed by the central bank predict that there will be a quarter-point rate cut at both the October and December meetings. [Extracted from the article]

Chile's Finance Minister, Mario Marcel, has stated that the government plans to halve the fiscal deficit in 2025, despite pressure to increase spending on crime prevention and social programs. The government aims to maintain tight control over fiscal expenditures as the economy slowly recovers. Marcel expects the structural deficit to be close to 1% of GDP, which is approximately half of the deficit projected for this year. This reduction in the deficit will allow the government to keep debt sales relatively stable next year. The government is currently finalizing its 2025 budget, which comes after the rejection of its flagship tax reform last year. Marcel has assured investors that Chile's GDP is growing and that the government is addressing long-term challenges to further boost the economy. The government expects GDP to expand by 2.6% in both 2024 and 2025. The central bank has lowered the benchmark interest rate and plans further reductions. The government is also working on legislation to expand electricity subsidies and increase pension payouts. Marcel noted that there has been a shift towards pragmatism in policymaking. [Extracted from the article]

Chile's consumer prices rose slightly more than expected last month, with prices increasing by 0.3% from July. The annual inflation rate also rose to 4.7%, surpassing the target of 3%. The central bank has responded by cutting interest rates and signaling further reductions in the future. However, some economists warn that policymakers need to remain cautious, as the country is also facing an upcoming electricity tariff hike. The cost of food and housing were the main drivers of inflation, while transportation costs decreased. The central bank expects inflation to peak in early 2025 and then gradually decrease towards the target of 3% by early 2026. [Extracted from the article]

Chile's consumer prices rose slightly more than expected last month, with prices increasing by 0.3% from July. The annual inflation rate also increased to 4.7%, the fastest pace since November. The central bank has started a new round of interest rate cuts, with policymakers signaling that rates are on track to reach a neutral level in the second quarter of next year. However, the cost of living has been under pressure due to electricity tariff hikes and a weaker currency, while domestic consumption remains uneven. Food and housing costs were the main drivers of inflation in August. Energy costs only increased by 0.1% in August, compared to a 2.5% increase in July. Policymakers have raised their inflation estimate for the end of 2024 to 4.5%, but expect inflation to peak in early 2025 and then gradually decrease towards the target of 3% in early 2026. The central bank's surveys show that inflation estimates for the next two years are at 3%, which reduces the risk of persistent consumer-price growth. Chile's economic activity exceeded expectations in July, but the finance minister warned that figures for August and September will be weaker. [Extracted from the article]

Chile's consumer prices rose slightly more than expected last month, with prices increasing by 0.3% from July. The annual inflation rate also increased to 4.7%, the fastest pace since November. The central bank has started a new round of rate cuts, with policymakers expecting rates to hit a neutral level in the second quarter of next year. However, the cost of living has been affected by electricity tariff hikes and a weaker currency, while domestic consumption remains weak. The central bank predicts that inflation will peak in early 2025 and then quickly slow towards the target of 3% in early 2026. Despite recent economic growth, the Finance Minister warns that figures for August and September will be weaker. [Extracted from the article]

Chile's central bank has cut its interest rate by a quarter percentage-point, signaling a dovish shift and suggesting that borrowing costs could fall faster than previously anticipated. The bank cited weak bank credit and local spending, as well as a recent increase in activity due to "one-off factors." The central bank is cautiously navigating an uptick in inflation, but remains confident that price gains will slow in line with the target over the next two years. Chile's key rate has now fallen from a high of 11.25% seen in 2023. [Extracted from the article]

Chile's central bank has cut its key interest rate by a quarter percentage-point, indicating that borrowing costs could fall faster than previously expected. The bank cited weak bank credit and local spending as reasons for the rate cut. Despite an uptick in inflation, policymakers remain cautious and believe that inflation will pass and slow down in line with the target over the next two years. The central bank expects the rate to reach its neutral level earlier than previously forecasted. [Extracted from the article]

Chile's central bank has cut its benchmark interest rate to 5.5% in an effort to support economic growth. This decision comes as the country's economy has struggled to gain traction, with GDP contracting in the second quarter before rebounding in July. However, the central bank remains cautious due to an increase in inflation caused by higher electricity tariffs. Analysts believe that further interest rate cuts will be necessary to stimulate the economy. [Extracted from the article]

Chile's central bank is expected to cut its benchmark interest rate by a quarter-point in an effort to boost the economy after a challenging second quarter. The majority of analysts surveyed predict a rate cut to 5.5%, while a few expect rates to remain unchanged. The central bank has room to ease monetary policy as inflation is projected to reach its target in two years, and recent data shows unstable local demand. However, the bank will closely monitor the impact of electricity tariff hikes on consumer prices. Financial markets are also looking for clarity on conflicting economic data, with industry and services driving growth in July but investment declining in the second quarter. [Extracted from the article]

Chile's economy grew at its fastest pace in six months in July, surpassing analysts' expectations. This has led investors to believe that the central bank will resume its cycle of interest rate cuts to support further growth. The Imacec index, a measure of gross domestic product, increased by 1% in July, and activity rose by 4.2% compared to the previous year. Industry output and overall services also saw positive growth, while mining activity declined. Despite the positive economic indicators, business confidence remains low, real estate sales are being affected by high long-term rates, and inflation has been increasing. The central bank is expected to release its latest quarterly monetary policy report with updated growth and inflation estimates. [Extracted from the article]

Chile's economy grew at its fastest pace in six months in July, with the Imacec index rising 1% on the month, slightly above analysts' expectations. This growth comes after a contraction in GDP in the second quarter. The central bank is expected to lower interest rates by a quarter-point to support further growth. Industrial output and services saw gains in July, while mining declined. Despite positive economic indicators, business confidence remains low and inflation has increased. The central bank will release its latest monetary policy report this week. [Extracted from the article]

Chile's economy contracted by 0.6% in the second quarter of the year, marking the first quarterly decline in a year. This downturn strengthens the case for further interest rate cuts. The central bank reported that investment slumped by 8.7% year over year, and traders are predicting two more quarter-point borrowing cost cuts by December. While the mining industry dropped 1% on a quarterly basis, the rest of the economy contracted by 0.6%. The government has revised its economic growth forecast for this year to 2.6%, and analysts expect an expansion of 2.3%. [Extracted from the article]

Chile's economy has contracted for the first time in a year, indicating a slowdown that supports the argument for further interest rate cuts. Gross domestic product (GDP) fell by 0.6% in the second quarter compared to the previous three months, in line with analysts' expectations. The central bank reported that investment declined by 8.7% year over year, primarily due to decreases in the vehicle and electronics equipment sectors. Despite this, the bank revised its quarterly growth forecast for the January-March period higher. The government has also lowered its economic growth forecast for the year. [Extracted from the article]

Chile's economy contracted by 0.6% in the second quarter of this year, marking the first quarterly contraction in a year. This decline supports the argument for further interest rate cuts. Factors such as a weak labor market and high long-term interest rates are impacting consumer and business demand. The government has revised its economic growth forecast for this year to 2.6%, while economists surveyed by the central bank expect an expansion of 2.3%. The central bank has paused its easing cycle but traders are predicting two more quarter-point borrowing cost cuts by the end of the year. [Extracted from the article]

Chile's central bank is taking a cautious approach to rising inflation forecasts, stating that pauses in their easing campaign are reasonable. The bank considered a quarter-point cut or keeping interest rates steady at their July meeting, ultimately deciding to keep borrowing costs unchanged. The inflation outlook for later this year and the start of 2025 has increased due to a weaker peso and electricity bill hikes. The central bank aims to have borrowing costs that will be further reduced over the monetary policy horizon. Both the government and private sector analysts have lowered their economic growth forecasts for 2024, and staggered hikes in electricity tariffs will continue to put pressure on consumer price rises. The central bank expects to lower borrowing costs to 5.25% by December. The Federal Reserve's expected rate cuts in the US could also support currencies in emerging markets like Chile and help combat local inflation. [Extracted from the article]

Consumer prices in Mexico and Chile rose more than expected in July, indicating limited room for new interest rate cuts in both countries. In Mexico, prices increased by 1.05% from June, the largest monthly increase since November 2021, with annual inflation reaching 5.57%. Chile's cost-of-living rose by 0.7% in the same period, exceeding the median forecast, and annual inflation accelerated to 4.6%. Central bankers in both countries are facing challenges in controlling inflation, and investors are divided on whether Mexico will hold rates or deliver a quarter-point cut. [Extracted from the article]

Chile's consumer prices rose more than expected in July, which supported the central bank's decision to keep interest rates steady. The increase in prices was driven by higher housing and utility costs, as well as rising energy prices. Despite a slowdown in economic activity, policymakers are concerned about inflation threats, including higher energy tariffs and a weak peso. The central bank estimates that consumer price rises will not slow to the target of 3% until early 2026. [Extracted from the article]

Chilean President Gabriel Boric has accused Venezuelan President Nicolas Maduro of attempting to steal the recent election and violating human rights. Boric stated that if Maduro had truly won, he would have shown the voting records. Chile does not recognize Maduro's self-proclaimed victory and will not validate the results until they are verified by independent international organizations. The US has stated that Maduro's opposition rival, Edmundo Gonzalez, clearly won the most votes, while Brazil, Mexico, and Colombia are awaiting a thorough accounting of the vote before taking sides. Maduro's regime has arrested thousands of protesters and targeted the news media, with human rights organizations reporting 24 deaths since the election. Gonzalez has declined to appear before the Supreme Tribunal of Justice, citing concerns about the legality of the proceedings and his own safety. [Extracted from the article]

Chile's central bank has decided to keep its key interest rate unchanged at 5.75%, surprising economists who had predicted a quarter-point cut. The bank's decision to pause its yearlong easing cycle is due to increasing inflation pressures, although it is likely to be temporary. The central bank expects inflation to reach its 3% goal by 2026. This decision comes after the Federal Reserve voted to leave borrowing costs unchanged, with the possibility of an interest-rate cut in September. The central bank also raised its economic growth forecast for 2024 to between 2.25% and 3%. [Extracted from the article]

Chile's central bank has decided to keep its interest rate unchanged at 5.75%, surprising economists who had predicted a quarter-point cut. The bank's decision to pause its yearlong easing cycle is due to the expected rise in domestic energy costs, which could lead to increased inflation in the coming months. Despite a recent rebound in economic growth, the bank does not anticipate inflation reaching its 3% target until 2026. This decision comes shortly after the Federal Reserve voted to maintain its borrowing costs at a high level. [Extracted from the article]

Saudi Arabia is considering partnering with Codelco, a state-owned Chilean company, to develop lithium deposits. The plan is for Saudi Arabia to import lithium from Chile and process it domestically, selling batteries made from the metal both locally and abroad. Codelco is facing challenges due to setbacks at projects and mines, but Saudi Arabia sees it as a good candidate for collaboration. Saudi Arabia is looking to diversify its economy away from oil and gas and wants to secure access to critical minerals like lithium. Negotiations are in the early stages, and Saudi Arabia is open to exploring partnership structures. Additionally, Saudi Arabia is interested in exporting fertilizers to support Chile's farming activities and food security. [Extracted from the article]

Saudi Arabia is considering a partnership with Codelco, a state-owned Chilean company, to develop lithium deposits. The plan is for Saudi Arabia to import lithium from Chile and process it domestically, selling batteries made from the metal both locally and abroad. Codelco is facing challenges due to setbacks at projects and mines, but Saudi Arabia sees it as a good candidate for collaboration. Saudi Arabia is also looking to secure access to other critical minerals like copper, nickel, and iron ore to become a key hub for battery production. Negotiations are in the early stages, and Saudi Arabia is open to exploring partnership structures. Additionally, Saudi Arabia is interested in exporting fertilizers to support Chile's farming activities and food security. [Extracted from the article]

Chile President Gabriel Boric has canceled his trip to the Olympic Games in Paris in response to a recent surge in high-profile murders in the country. Boric will remain in Chile to push for the passage of legislation aimed at improving prison security and modernizing the government's intelligence apparatus. The government is also forming a task force to combat crime and implementing measures such as redistributing police officers and increasing oversight of the migrant population. While homicide rates had previously been declining, recent data shows an increase in murders in Santiago. [Extracted from the article]

Chile's consumer prices experienced a monthly decline of 0.1% in June, the first drop this year, as the central bank slows down monetary easing and prepares for electricity cost increases. The annual inflation rate rose to 4.2% in the chained series. Inflation is expected to remain above the 3% target until the first half of 2026, later than previously predicted. The central bank anticipates pressure on prices due to the recent agreement to increase electricity costs, with the majority of the impact expected in the first half of 2025. The peso's recent appreciation has aided the central bank in its fight against inflation. Clothing prices fell by 6.1% in June, while transportation and household items also experienced declines. On the other hand, food and non-alcoholic beverages saw a 1.3% increase. The central bank reduced interest rates by a quarter-point to 5.75% last month and warned about the future impact of higher electricity tariffs. The bank raised its inflation forecasts for 2024 and 2025. Discounts during the Cyberday sales in June temporarily kept prices down. Traders predict inflation to be at 3.6% in 12 months and expect the key rate to end the year at 5.25%. [Extracted from the article]

Chile's consumer prices experienced a monthly decline of 0.1% in June, the first decrease this year. However, the annual inflation rate rose to 4.2%. The central bank has slowed down its monetary easing efforts and is preparing for upcoming increases in electricity costs. While clothing, transportation, and household items saw price decreases, food and non-alcoholic beverages experienced a 1.3% increase. The central bank has adjusted its inflation forecasts for 2024 and 2025, and it is not expected to reach its 3% target until the first half of 2026. [Extracted from the article]

Chile's central bank has reduced its interest rate by a quarter-point, signaling a slower pace of reductions and the possibility of a pause in monetary easing. The decision was made due to concerns about rising electricity prices and their impact on inflation. The central bank expects borrowing costs to continue falling, but at a pace that considers the macroeconomic outlook and its effects on inflation. Analysts predict that inflation will reach the target of 3% by 2025, but there are indications that it may not be a smooth process. The central bank is expected to continue with gradual rate cuts in the future, with potential pauses. Policymakers have raised their inflation forecasts for 2024 and 2025. The recent increase in domestic electricity costs is expected to have a significant impact on inflation. The central bank will closely monitor inflation before making any further rate reductions. The peso has strengthened against the dollar, which has helped in the fight against inflation. The local economy is showing signs of growth, but policymakers remain cautious due to temporary shocks that could affect the inflation outlook. [Extracted from the article]

Chile's central bank is expected to slow down the pace of its interest rate cuts for the third consecutive meeting due to concerns about the impact of upcoming electricity price hikes on inflation. Most economists surveyed predict a quarter-point reduction in rates, while a few expect a half-point reduction and one expects rates to remain unchanged. The central bank has been cautious in its easing cycle, with borrowing costs already reduced by 5.25 percentage points since July. The bank will also consider the impact of higher copper prices, which could affect the peso and inflation. Additionally, investors will be watching for any remarks on the Federal Reserve and the possibility of local rates falling below those of the US. [Extracted from the article]

Chile's central bank has reduced its key interest rate by a quarter-point, marking the third consecutive meeting in which the pace of monetary easing has slowed. This decision comes as annual inflation in the country has increased, causing policymakers to exercise caution. While some analysts expected a larger reduction, the central bank opted for a more conservative approach due to concerns about the domestic economy, rising electricity tariffs, and uncertainty surrounding the Federal Reserve's monetary policy. The central bank believes that these factors could impact inflation in the coming years. [Extracted from the article]

Chile's central bank has reduced its interest rate by a quarter-point, signaling a slower pace of reductions and the possibility of a pause in monetary easing. The decision was made due to concerns about inflation, particularly related to rising electricity rates. The central bank expects borrowing costs to continue to fall, but at a pace that considers the macroeconomic outlook and its impact on inflation. While the domestic economy is strengthening and inflation is projected to reach the target of 3% by 2025, there are potential challenges ahead, including the rise in electricity tariffs and uncertainty about when the Federal Reserve will begin easing. [Extracted from the article]

Chile's central bank has reduced its key interest rate by a quarter-point, marking the third consecutive meeting in which the pace of monetary easing has slowed. This decision comes as annual inflation has increased, prompting caution among policymakers. While some analysts expected a larger rate cut, the central bank opted for a more moderate reduction to avoid excessive depreciation of the Chilean peso. Factors such as a strengthening domestic economy, rising electricity tariffs, and uncertainty surrounding the Federal Reserve's actions have contributed to the decision. The central bank aims to bring annual inflation back to its 3% target by 2025. [Extracted from the article]