The president of the Central Bank of Chile, Rosanna Costa, announced the projection of the country’s year-on-year inflation, which could remain at 5 % until June.

According to the executive of the regulatory body, this projection is based on “the simultaneous occurrence of cost shocks that, in line with narrow company margins, leads to assuming a greater transfer to prices than previously estimated.”

Costa also indicated that inflation convergence in Chile will occur at the beginning of 2026. In this sense, “monetary policy will continue to be guided by caution.”

The bank will continue to collect information on the development of the economy in order to evaluate “the opportunity to reduce the monetary policy rate in the coming quarters.”

The president of the Central Bank also referred to economic growth, indicating that a slow recovery of private consumption is expected; at the same time, a decrease in the projection for gross fixed capital formation is estimated for this year.

Finally, Costa referred to a possible growth of the Gross Domestic Product (GDP) between 1.5 % and 2.5 % in 2025 and 2026, respectively, due to a greater boost in exports and a lower boost in imports in the face of weak domestic demand.

M.Pino

Source: americaeconomia

(Reference image source: Alisson Rods on Unsplash)

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The Dominican Republic reported year-on-year economic growth of 5 % in the first half of the year, confirming positive signs in macroeconomic indicators.

“The monthly indicator of economic activity (IMAE)” of the country registered an “expansion of 4.8 % in July, which produced an average interannual growth of 5.0 % in the first seven months of 2024,” as reported. the Central Bank.

With this result, the Dominican Republic is positioned as the economy with the greatest year-on-year growth in Latin America, taking into account the latest data published by the countries of the region.

It is important to note, as the Central Bank has done, the latest projections of the International Monetary Fund (IMF), according to which the growth of the nation’s Gross Domestic Product (GDP) for this year will be 5.1 %. For its part, the World Bank has projected a growth of 5.1 % and the Economic Commission for Latin America (ECLAC) of 5.2 %.

The year-on-year economic growth of the Dominican Republic occurs in an environment “of price stability as a result of the monetary and fiscal policies implemented, which has allowed the risk factors for the performance of the Dominican economy to be overcome in a timely manner.”

M.Pino

Source: bancaynegocios

(Reference image source: Towfiqu barbhuiya in Unsplash)

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La entrada Economy of the Dominican Republic grew 5 % year-on-year in the first half apareció primero en Bitfinance.