Chile GDP Growth In August

Chile’s economy expanded by 5.9% year-on-year in August, driven by the high price of copper in the global market. This followed growth of only 4.4% in July. The higher-than-expected growth and quickening rate of inflation may prompt more hikes in interest rates, according to analysts. The Central Bank raised the benchmark lending rate last by a quarter of a percentage point on 8 September to 4%.