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Chile Economic Activity Slips, Boosting Case for Key Rate Cuts

Summary by Bloomberg
Chile’s economic activity unexpectedly dropped in May on declines across several sectors, supporting the central bank’s outlook for renewed interest rate cuts over the coming quarters.

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What happened to the Chilean peso after Jeannette Jara's victory in primaries?Chile's economic activity declined unexpectedly in May due to falls in several sectors, which supports the central bank's prospect of further interest rate cuts over the coming quarters.The Monthly Economic Activity Index (Imacec), a benchmark of domestic gross product (GDP), fell by 0.2% compared to April. The figure contrasts with the median of analysts' estimates in…

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Bloomberg broke the news in United States on Tuesday, July 1, 2025.
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