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Inflation Alert in Chile Due to Currency Volatility

Chile's Consumer Price Index (CPI) revision and the dollar's rapid fall prompt analysts to advocate for inflationary precautions. The end of last year saw the...

Chile Bolsters Defense with High-Tech Gear

Chile is significantly boosting its military capabilities by integrating high-tech sensors, electro-optical systems, night vision cameras, and precision sights from leading global sources. Leopard 2A4...

Chile Eyes 3% Inflation Target for 2024

Chilean experts predict inflation will hit 3% by 2024's end, matching the Central Bank's goals. This follows a trend of slowing price rises, with a...

January 2024 Sees Chile’s Highest Ever Fruit Export Value

According to government data, Chile achieved a new record in January 2024, exporting $2.122 billion worth of fresh fruits. The report marks a significant milestone,...

Santiago de Chile Leads as Top Smart City in Latin America

Santiago de Chile has emerged as the leading smart city in Latin America, securing the 91st spot globally in the IESE Cities in Motion...

Chile’s Antofagasta’s Mining Boom: A Decade of Growth

The Antofagasta Region is poised to spearhead Chile's mining investments, channeling $65.712 billion into projects by 2032. This initiative, detailed in Cochilco's latest report, signifies...

Chile’s Leap into Fintech and Open Banking

On February 3, Chile launched the Fintech and Open Banking Law, significantly advancing its financial sector. This law introduces new opportunities for financial product and...

Tragic Helicopter Crash Claims Life of Ex-Chilean President Piñera

On Tuesday, February 6, Sebastián Piñera, the former President of Chile, died in a helicopter crash. This sad event took place over Lago Branco, Los...

Dollar’s Rise and Peso’s Fall in Chile

Recently, the US dollar has surged in Chile, reaching CLP$959.63, influenced by a strong global US dollar and a revealing US job report. This rise...

Chile Acts Against Wildfires with Emergency Measures

Chile's President Gabriel Boric declared a state of catastrophe in Valparaíso and Marga Marga provinces due to rampant wildfires. This urgent declaration came as the...

Optimism for Chile’s 2024 Economic Prospects

In December, Chile's economy unexpectedly dipped by 1%, prompting government reassurances. Finance Minister Mario Marcel is optimistic about 2024, predicting economic strengthening and controlled inflation. Marcel...

Chile Steps Up Monetary Relief with Major Rate Drop

Chile's Central Bank has significantly lowered its key interest rate by a full point, quickening monetary easing efforts for another round. Economists see this as...

Chile Bolsters Maritime Control: Expanding Coastal Navy Ranks

Chile's government has presented a bill to the Senate, proposing a three-year plan to increase Coastal Navy officers by 125, a 43.25% rise from...

Chile’s Unemployment Trends in Late 2023

Chile experienced a rise in its unemployment rate, reaching 8.5 percent in the final quarter of 2023, as reported by the National Institute of...

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