LatAm Daily | In Chile, the CB sharply adjusts downwards GDP growth expectations

Summary

In Chile, the CB adjusted downwards the GDP growth range expected for 2016 from 2%-3% to 1.25%-2.25%, leaving the range at 2%-3% for 2017. The CB sees an equilibrated balance of risk for economic activity. The CB expects inflation at the end of 2016 at 3.6% YoY and one 25bp increase in MPR during the year. In Colombia, the Industrial Confidence Index increased in February.

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