Chile Economic Growth Beats Expectations

Chile’s economy expanded 6.5% in March compared with the same month a year ago, according to Central Bank figures issued on Monday. The economic growth figures, which were better than market expectations, are likely to lead to further interest rates hikes this year, analysts predict. On a monthly basis, GDP expanded by 1.4% and for the 12 months through March it rose to 7.0%. Final results for the first quarter of the year are due to be released on May 23, the Central Bank added.