MEXICO CITY (Reuters) – Chile’s central bank raised its inflation expectations on Wednesday to 11.4% from 10.8% in its quarterly monetary policy report.
The bank also revised up its economic growth forecasts for 2022 to 1.75-2.25% from 1.5-2.25%.
Meanwhile, it estimated that copper prices would average $4.00 per pound this year, down from the $4.25 it had previously forecast.
It said the forecasts do not take into account the result of Sunday’s referendum, which overwhelmingly rejected a proposed new constitution.
(Reporting by Fabian Cambero; Writing by Valentine Hilaire; Editing by Sarah Morland)
