In March, Chile’s annual inflation rate slowed to 3.7 percent, its lowest level since May 2021, before ticking back up to 4.0 percent in April. Nonetheless, the broader long-term trend of slowing price rises since August 2022, when inflation peaked at 14.1 percent, has been encouraging news for the central bank (Banco Central de Chile), which has been sharply cutting interest rates since late July 2023 to turbocharge Chile’s growth prospects. Indeed, with Chile recording a meagre 0.2-percent growth in its gross domestic product (GDP) in 2023, more rate cuts this year should see stronger performance from the South American economy in 2024 and beyond.
A random collection to links to news in English about Chile. We do not endorse any, only share.
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