Chile Policy Makers See Bleaker Outlook for Growth and Inflation
- Central bank cuts 2015 GDP growth forecast to 2% to 2.5%
- Policy makers raise 2015 inflation estimate to 4.6% from 3.4%
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Chile´s central bank forecast slower growth and faster inflation than previously estimated for this year, highlighting the dilemma facing a country with the most expansive monetary policy in the Americas.
Gross domestic product will rise 2 percent to 2.5 percent, compared with a previous estimate of 2.25 percent to 3.25 percent, the bank said in its quarterly monetary policy report released in Santiago Tuesday. The inflation forecast was raised to 4.6 percent from 3.4 percent.