Chile Faces Economic Downturn: A Push Towards Monetary Easing

In the second quarter of 2024, Chile’s economy contracted by 0.6%, a stark shift from its previous growth and the first decline in a year. This downturn suggests a stalling recovery, prompting a reconsideration of interest rate cuts. This economic contraction coincided with the central bank’s pause in its monetary easing due to inflation concerns. […]