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Economy & Business - July 2005

CHILE: Boiling over?

The economy is growing decently (6% plus) and unemployment is falling. The central bank is mildly concerned about inflation, and raised interest rates by a quarter of a point to 3.5% on 12 July, but the government is keen on creating a feel-good factor for the forthcoming (December) elections. It increased the minimum wage by 6.25% in June, more than double the rate of inflation.

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