Wednesday , November 25 2020

Experts rise to 3.6% of the CMC Chile growth census in 2019



Analysts also expect the publisher to raise the interest rate to 3% at the next financial policy meeting and reach 3.25% in May. It will be another year without inflationary pressure for the Chile economy.


Experts consulted by the Central Bank estimated that Chile's economy will grow by 3.6% in 2019, lower than 4% predicted at the end of this year, confirming the cooling signs of the activity.

The results of the Economic Expectations Survey corresponding to December, however, are likely to be an improvement in computing November when it is anticipated that the experts will expand 3.5%. This projection has been compatible with the optimism of Central Bank, according to the latest Financial Policy Report.

By 2020, the forecast was 3.5%.

In terms of prices, the respondents reported another CPI of 0% for December and inflation accrued in 2019 will be 2.9%, still lower than the middle of the Central Bank target. According to the projections, Chile's economy will not suffer inflationary pressure until 2020, when inflation is an average of 3%.

Analysts also expect the publisher to raise the interest rate to 3% at the next financial policy meeting and reach 3.25% in May, an increase of 25 basis points against the 3% forecast for horizons from five months ago or previous survey.

Regarding the exchange rate, there are no larger variations in relation to the November survey and they kept the dollar forecast for $ 670 over a two month period and at $ 660 in eleven months.

It should be remembered that this monthly survey is carried out by a select group of academics, consultants and executives or advisers of financial institutions. It closes the day after knowing the IPC the previous month, or IMACEC of the previous two months, whichever is the last one known, and the results will be published the day after it is received , at 8:30 a.m.


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