Chile’s central bank cut the benchmark interest rate by a quarter point to 3.75% in mid-July. [Rate Cuts Could Help Stimulate Chile ETF]
“We remain of the view that the central bank will have to deliver two further 25 basis-point cuts this year,” de la Fuente said.
Chile’s gross domestic product grew 2.6% in the first quarter, compared to 4.1% in 2013 and 5.4% in 2012. The central bank will announce second-quarter GDP numbers on Aug. 18.
iShares MSCI Chile Capped ETF
For more information on Chile, visit our Chile category.