Chile's inflation in October reached 0.5 % over the previous month, the National Statistics Institute (INE) reported this week. The new figure means an accumulated 11.4 % in the first ten months of 2022 and 12.8 % interannually.
Chilean Finance minister Mario Marcel will be attending the eleventh edition of the Chile Day in London scheduled to take place next December with the purpose of strengthening economic and financial relations between the two countries in a raft of disciplines. The two-day event is expected to take place 12/13 December.
Chile's President Gabriel Boric Font Monday signed into law a minimum wage hike so that no one is left behind.
Chile's President-elect, Gabriel Boric, Friday chose former Central Bank President Mario Marcel as the country's future Finance Minister of Finance, and former mendica College Head for Minister of the Interior as he announced his cabinet, which shall be made up of mostly women. Boric will take office on March 11.
The Monetary Council of the Chilean central bank surprised markets on Monday by deciding to increase the basic interest rate 75 base points to 1,5%, the highest jump since August 2001. According to a bank release, the decision from the council was unanimous, and well beyond market expectations that had estimated an increase of 25 to 50 base points.
Chile's Central Bank Thursday reported an 18.1% economic growth in May, which has brought it back to the pace of prepandemic levels.
A group of UK experts visited Santiago during March 2019 to inaugurate a fintech collaboration network with the United Nations Economic Commission for Latina America and the Caribbean (UNECLAC). This was an outcome of an intense agenda of activities carried out in Chile last October by the Cambridge Centre for Alternative Finance, (CCAF).