Wednesday , January 20 2021

Experts increase to 3.6% GDP growth in Chile in 2019



Analysts also expect the issuer to raise the interest rate to 3% at the next monetary policy session and reach 3.25% in May. It will be another year without inflationary pressures for the Chilean economy.


Experts consulted by the Central Bank estimated that the Chilean economy would grow by 3.6% in 2019, below 4%, projected by the end of this year, thus confirming the signs of cooling the business.

However, the results of the December Economic Survey suggest an improvement over the November calculation, when experts predicted an increase of 3.5%. This forecast is in line with the optimism of the central bank, according to the latest report on monetary policy.

By 2020, the forecast remains at 3.5%.

In terms of prices, respondents calculated another consumer price index by 0% for December, and inflation in 2019 would be 2.9%, still below the central bank's target position. Chances are that the Chilean economy will not suffer inflationary pressure by 2020, when inflation will be on average 3%.

Analysts also expect the issuer to raise the interest rate to 3% at the next monetary policy session and reach 3.25% in May, up 25 basis points. against the 3% forecast for the five-month horizon of the previous survey.

With regard to the exchange rate, there is no greater fluctuation in the survey in November and they hold the dollar forecast at $ 670 for a two-month horizon and $ 660 for eleven months.

It should be remembered that this monthly survey is carried out by a select group of university lecturers, consultants and managers or advisors to financial institutions. He closes the day after he has known IPC of the previous month or IMACEC from two previous months, whichever is the latest, and the results are published the day after his receipt at 8:30.


Source link