SANTIAGO: Chile's economy surged 15.2% in May and 14.7% in the second quarter, analysts predicted in a Central Bank poll published on Thursday, with marketwatchers encouraged by the country's rapid vaccination drive, a soaring copper price and the injection of fresh stimulus.
Inflation will hit 0.3% in June and 3.2%, within the bank's 2 - 4% target range, in the 11 months, the analysts said. They expected bank policymakers to hold the benchmark interest rate at 0.50% - its lowest in a decade - during their July meeting, though the poll saw the rate rising to 0.75% by December.
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