Chile's Inflation Eases to 4.7% in February, Central Bank Likely to Hold Rates

INSUBCONTINENT EXCLUSIVE:
central bank paused its monetary easing cycle in January, keeping the benchmark interest rate at 5%
Analysts believe rate cuts remain unlikely despite the improving inflation outlook due to external challenges.Ten of the thirteen divisions
Only two categories recorded decreases, with home equipment and maintenance dropping by 0.2%.Core inflation also moderated to 0.3% for the
month, down from 0.8% in January
Specific product prices tell a clearer story about consumer pressures
Rates
(Photo Internet reproduction)Bread prices climbed 1.9%, and rental costs went up by 1.1%
Meanwhile, domestic air transport dropped substantially by 14.4%
strongly with 11.7% growth in 2021 but has since moderated
boosting productivity and addressing inequality
economic outlook remains cautiously positive as it navigates post-pandemic recovery
The government continues to implement policy measures aimed at sustainable growth while fighting inflation pressures.Current economic
indicators suggest Chile maintains its reputation for sound macroeconomic management amid global uncertainties and domestic challenges.