IMF forecasts Chilean economy to expand by 2% in 2024

Posted on February 12, 2024   |  

The International Monetary Fund (IMF) predicts Chile's economy to grow by nearly 2% in 2024, with expectations of 2% to 2.5% growth in the medium term.

Inflation in Chile is anticipated to reach its 3% target this year, as stated by the IMF.

Chile's central bank has implemented strong policies that have led to a decline in inflation, emphasizing the importance of future monetary adjustments based on data.

The Central Bank of Chile reduced its benchmark interest rate to 7.25% in January, down from a high of 11.25% in late 2022.