Markets · Macro
—The headline. Chile’s central bank lowered its 2026 growth forecast to a range of 1.0% to 1.75%, down from the 1.5% to 2.5% it projected in March.
—Why it slipped. The bank blamed weak first-quarter output in copper mining, farming and fishing, plus softer summer tourism.
—Prices. It nudged its 2026 average inflation forecast up to 3.7% from 3.6%, and its year-end figure to 4.2% from 4.0%, citing higher fuel costs tied to the Middle East conflict.
—The currency. The Chilean peso traded near 889 to 899 per dollar around the release.
