New reduction of leading interest rate applied in Chile

New reduction of leading interest rate applied in Chile
New reduction of leading interest rate applied in Chile

The measure was in complete coincidence with the projections made by the financial markets and experts and is in line with the latest news on the performance of the economy.

Regarding the local panorama, the issuing institute pointed out the growth of 2.3 percent of the Gross Domestic Product in the first quarter of the year.

He also mentioned that the gross formation of fixed capital, composed among others of industrial machinery, heavy transportation and construction equipment, although it did not grow, at least stopped the decline registered at the end of 2023.

The inflation rate in March and April was within expectations and stood at 3.5 percent, with the prospect of reaching three percentage points within two years.

Finally, the Chilean peso appreciated in recent weeks, strengthened by the rise in the international price of copper.

Regarding the international level, the Central Bank of Chile indicated that global inflation maintains its downward trend, although at a slower rate than expected.

Global financial markets, the note adds, are still awaiting an eventual start of interest rate cuts by the United States Federal Reserve.

lam/car/eam

#Chile

 
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