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BCCh President Says Board Wants To Meet CPI Goal With Lowest Possible Cost

CHILE
  • Costa recognized the difficulty of predicting market behavior, where the latest IPC and Imacec data have surprised experts. Costa said the BCCh is facing a “very atypical” process, where the world is in a situation of reducing high inflation, which has historically been complex.
  • “The Federal Reserve itself has not been clear about what, ultimately, will be the moment when the rate begins to lower. They are not easy processes to project,” she explained.
  • The bank has to reach 3% and stay there in a stable manner. “We want to meet the goal at the lowest possible cost,” she said.
  • “The Chilean economy today has managed to make very significant progress in resolving a set of imbalances,” acknowledged the authority, who highlighted how this progress in the Chilean economy allows the country to be more prepared for surprises. (LT Pulse)
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