The measure was adopted unanimously among the leaders. The Chilean BC says there has been an increase in trade conflict between the United States and China, impacting on other value chain and financial markets economies. In addition, the global economy continues to slow down, highlighting the weakening of the industry.
In this context, there has been monetary easing globally, while markets continue to show high volatility and risk aversion. The local financial market followed external developments, with the Chilean peso depreciating against the US dollar and falling stock market and long-term interest rates, according to the Central Bank. The board concluded that the economy’s performance in the second quarter and its outlook indicates that the convergence of inflation to the target will take longer, which necessitated a greater monetary stimulus.
Source: Isto É
