Central Bank Cuts Growth Projection for 2026 and Raises the 2027 and 2028
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The September IPoM attributed the adjustment to weak domestic demand, the deterioration of the labour market and the climate impact on economic activity.
In its Monetary Policy Report, IPoM, in September, the Central Bank reduced the projection of economic growth to 0.25%. The local economy has weakened over the course of the year, with domestic demand slowing down during the second quarter. This occurred in parallel with the deterioration of the labor market, from [...] IPoM entry reduces economic growth to 0.25% was first published in Desenfoque.cl.
The Central Bank of Chile published the Monetary Policy Report (IPoM) for September 2026, which highlights that the local economy has weakened over the course of the year.
The IPoM of September dropped the estimate of GDP from 1.0%-1.75% to just 0.25%-0.75%, in the midst of weak domestic demand, worse employment and increase of fuels. The issuing institute maintains the hope of rebound only by 2027 and 2028.
The September IPoM reduced the range of GDP expansion for this year to between 0.25% and 0.75% due to the weakness of domestic spending, climatic factors and lower mining production. However, the issuing institute foresees a greater dynamism for the next two years.
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