Chile databank...

Leading indicators are all up and with the new mining production data showing good number we will soon have that trend up as well. Consumer confidence numbers reflecting the enthusiastic ...

Economic expectations continue to be on the rise. Growth expectations for the whole of 2010 have converged to 5 percent including a second quarter growth rate of over 6 percent. This ...

We are cautiously optimistic about the second half of the year. We see moderating forces that will compensate the current dynamism of retail, industry and construction. We are now ...

Finally the market is agreeing with what we have been saying for a long time about the speed of the monetary policy normalization process. They are expecting that the Central Bank ...

The big question now, of course, is - if we will continue to observe recovery indicators of the dimensions and speed of recent ones or not. Most of us suspect that a big part of what ...

After a couple of weeks of lively debate, the market has converged on a consensus that the Central Bank must start to increase its rates right now. The European fiscal crisis has settled ...

We are continuing to stubbornly forecast a 4 percent growth rate for 2010, despite the recent IMACEC figures. We believe these figures have a big “bounce” component and that they will ...

As we anticipated, activity numbers for the early post-quake month were worse than the market was originally expecting. This has made market expectations start to converge to a number ...

Since the last monetary policy meeting a duplicitous sensation has settled into the market. On the one hand there are clear indicators that the hit that was taken by the economy with ...

The numbers reflecting the costs of the quake are starting to come in: employment, growth, trade, expectations and soon inflation. It all seems to add up to an economy that will take ...

Pre-quake figures of the fourth quarter of 2009 were showing a recovery led by consumption in tradables and durables. We expect this to be substituted by investment and capital goods ...

A couple of developments have occurred since the last monthly report. First and foremost, the estimations on the costs of the recovery have fallen significantly (just as we expected,

The macroeconomic debate has been centered on the sources of financing for the huge emergency. An unplanned comment by the new Minister of Finance has generated a two week news cycle ...

Unfortunately, given the magnitude of the earthquake event, past data are not very helpful when analyzing and forecasting Central Bank behavior. It seems very clear that whatever was ...

Almost a week ago our country was devastated by an enormous earthquake. According to reports it was the fifth largest earthquake in human history in magnitude; it managed to shorten ...

December’s activity figures were great news for us; in fact the whole fourth quarter ended with positive growth and it’s a sure bet that the 2009 contraction will hit the Central Bank’s ...

Once again, in the past monetary policy meeting, the Central Bank stalled and the monetary policy interest rate was kept at 0.5 percent. From their press release, we can infer that ...

Just as we were getting ready to celebrate the good activity data from November, December’s leading indicators were disappointing. Looking at the activity data, it seems that there ...

Many economic indicators are turning up good figures that confirm our old hypothesis that Chile would have a swift recovery. Leading indicators for growth look good, so does the labor ...

Although it’s sort of bold to call it - it seems that Chile is out of the woods for now. Unemployment is retreating, trade is resuming, and all sectors either have stopped falling ...