According to local press reports on Thursday, Chile’s economy began the year 2024 on a “more positive” note compared to 2023, as stated by the president of the Central Bank of Chile, Rosanna Costa.
During a meeting of the Association of Economy and Finance Journalists on Wednesday, Costa stated that the South American country has successfully decreased inflation in a significant way, and the central bank predicted that it will reach the target rate of 3 percent in the second half of the year.
“Undoubtedly, it is good news for families, businesses, and the overall economy,” Costa stated, adding that there is still “work to be done.”
Costa emphasized that the year 2024 will be characterized by a monetary policy to combat inflation and a financial policy for the development of new instruments.
The preliminary economic report from the central bank, published on January 2nd, projected a growth of 1.2 percent in the economy in November 2023 compared to the previous year.
According to the National Institute of Statistics (INE), Chile recorded a cumulative inflation of 4.5 percent between January and November 2023, as announced this week.
The South American country experienced a 12.8 percent inflation in 2022 during an economic crisis that pushed the rate to its highest level in thirty years.
