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Finance Minister Says Government Seeing Significant Drops In Consumption

CHILE

Finance Minister Mario Marcel speaking at an event in Santiago:

  • Our current acct deficit has grown significantly
  • Our govt wants to reduce uncertainties
  • Fiscal, monetary policy are in same direction
  • Economy is going through necessary adjustments
  • Q2 GDP numbers show economy is adjusting
  • We are seeing significant drops in consumption
  • Eco adjustments to help CPI, current account
  • There's inertia with inflation
  • Lower consumption to help tame CPI
  • Some commodity prices are moderating
  • Fuel prices should stop rising in late sept. (All BBG)

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