Chile

Chile: Consumer Prices Rise More Than Expected

7 months ago

Chile has experienced an unexpected rise in consumer prices, which has drawn significant attention from economists and analysts. According to data released by the National Institute of Statistics of Chile, inflation in August reached 0.4%. This figure was higher than the forecasted level of 0.2%, indicating potential strengthening of inflationary trends in the country.

Chile to Restart Gradual Interest Rate Cuts

7 months ago

Following a period of significant economic instability and discussions surrounding inflation, Chile has decided to restart its phased interest rate cuts. This decision marks an important step in the country’s effort to normalize its economic situation and support growth, which has been undermined by the economic shocks of recent years.

BYD Awaits Chile's Decision on Lithium Project

7 months ago

Chinese company BYD, one of the largest electric vehicle manufacturers in the world, has announced that the future of its lithium project lies in the hands of the Chilean government. This news comes amid a growing interest in lithium resources, which are critical for battery production for electric vehicles.

Chile's Economy Faces First Drop in a Year

8 months ago

Chile recently reported a significant decline in its economy, marking the first negative news in the past year. The country's National Statistics Institute (INE) released data indicating that the gross domestic product (GDP) fell by 0.4% in June 2024 compared to the previous month. This has raised growing concerns about the recovery of the economy, especially in light of global economic fluctuations.