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Multiple Polls Indicate Rising Disapproval of President Boric

CHILE
  • According to the latest poll published by Cadem, President Gabriel Boric’s disapproval rating rose at the end of February, reaching 66%, up 5ppts since the previous poll. Concurrently, Boric’s approval dropped 6 points to 29%. Further bolstering this trend, a survey released the same day by Pulso Ciudadano put his disapproval at 62.2%, the worst since December, 2022.
  • Analysts note that the timing is not ideal as the administration prepares for new negotiations with lawmakers over key proposals to increase pensions and raise tax revenues. What makes this worse is the government has a limited window to muster support and pass legislation before October’s local elections dominate the political agenda. While unlikely the driver for today’s CLP performance, the survey data will be adding an additional headwind to the currency.

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