Economy & Markets
Along with inviting investors to be optimistic about the country and its future, the president announced a series of initiatives to reactivate the Chilean economy. One of his main pains. “I am convinced that Chile can grow more,” said the president.
Although the Milei government has been successful in reducing the pace of price increases, Argentina still maintains the highest inflation in the region.
According to the Ministry of Economy and Finance (MEF) of Peru, for every 10 cents per pound (cUS$/lb) increase in the average annual price, economic activity tends to increase by 0.1 percentage point.
The southern country passed the review of the agreement with the International Monetary Fund with "better than expected" results. The agreement is subject to approval by the board of directors, which will meet in coming weeks.
This was confirmed by the executive director of the Peruvian Chamber of Construction (Capeco), Guido Valdivia.
The sectors where the increase in sales is already evident are service stations, gastronomic establishments and tourism establishments.
Customers and entrepreneurs are expectant at the promise of greater supply and better prices due to the new trade agreement with the Asian giant.
Among other functions, the immediate care of the affected population will be financed, helping to lay the foundations for a rapid and sustainable recovery.
The reduction would be up to 3 percentage points, according to estimates by the Ministry of Economy and Finance (MEF).
Until April, 809 transactions have been registered and an amount of US$ 18,590 million.
In this context, it is worth noting that the Central Bank of Brazil has decided this week to cut interest rates by 25 basis points, bringing the monetary policy rate to 10.5%.
The exchange between both nations shows potential to continue increasing, say authorities of the Asian nation. Indonesian vehicles, spare parts, footwear and fertilizers, copper, cellulose and Chilean fishing items are the main exported items. But what appears most attractive now is lithium, essential for Jakarta's aspirations in the production of electric vehicles.
The central bank's movement occurred on the same day that the National Institute of Statistics and Geography (Inegi) of Mexico released inflation data for April.
By spending items, the education group has recorded the largest year-on-year increase (6.36%), closely followed by the other services division (6.19%).
Higher sales of goods such as gold in the metal minerals sector, as well as blueberries and cocoa, in the agro-export sector, influenced the positive figures.
So far this year, the Index has accumulated a 2.2% increase and 4% in twelve months compared to the linked series.
The Andean country would exceed US$64,355 million in 2023. Specialist points out that favorable prices for metals such as copper should be taken advantage of.
External sales to the Netherlands and Panama decreased, while exports to China increased.
The Consumer Confidence Indicator (CCI) reported a level of 47.3 points, with seasonally adjusted figures.
However, unlike other Latin American countries, the country's CPI remained at relatively low levels, reaching its peak in June 2022, when it climbed to 4.2% year-on-year.
The statement came after a meeting with President Dina Boluarte at the Government Palace.
