Chile Economic Activity Beats Forecasts as Markets See New Interest Rate Cut

 

Chile’s economy expanded at the fastest pace in six months in July as investors bet the central bank will resume its cycle of gradual interest rate cuts to further support growth. The Imacec index, a proxy for gross domestic product, rose 1% on the month, just above the 0.9% median forecast in a Bloomberg survey of analysts and the most since January. From the year earlier, activity gained 4.2%, above all economist estimates, the central bank reported Monday.

https://www.bloomberg.com/news/articles/2024-09-02/chile-economy-grows-for-second-month-as-markets-see-rate-cut?srnd=materials