Exclusive-Chile central bank sees peso tumble to only have short-term impact on prices-Costa

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Exclusive-Chile central bank sees peso tumble to only have short-term impact on prices-Costa
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NS child killer Penny Boudreau and the path to eventual release | SaltWireMARRAKECH/SANTIAGO - Chile's central bank expects that a recent peso depreciation will only have a short-term effect on prices, the bank's governor Rosanna Costa said on Tuesday, adding that the 3% inflation target for the second half of 2024 remains unchanged.

Chile's peso has tumbled nearly 15% since July. The peso saw its biggest daily decline in nearly four months on Oct. 2 after the IMACEC economic activity index, a proxy for gross domestic product, slipped by 0.9% in August on an annual basis as the Andean country's economy stumbles following a rapid post-pandemic recovery.

More cuts are expected in the coming months, though Costa didn't provide any details on future decisions.

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