“The central bank in its last monetary policy decision left the door open to any type of decision: raising rates, keeping them on hold or reducing them,” said Mario Arend, chief economist at Celfin Capital in Santiago, on Bloomberg. “My vision as an economist is that the central bank is leaning toward keeping rates stable.”
Chile’s GDP grew 6.8% for the second quarter 2011, up 1.4% from the previous quarter, reports Carolina Pica for WSJ. According to the central bank, all segments of the economy grew in the second quarter, with the exception of the mining industry, which contracted 0.9%. Chile is the world’s largest copper producer.
iShares MSCI Chile Index (NYSEArca: ECH)
Tisha Guerrero contributed to this article.