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LatinNews Daily - 10 June 2019

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In brief: Chile

* Chile’s central bank (BCCh) has slashed the benchmark interest rate by 50 basis points to 2.5% citing global trade tensions, and in particular the trade dispute between the US and China. The BCCh also reduced its GDP growth forecast for 2019 to 2.75%-3.50%, down from 3%-4% in April. Chile is the world’s leading producer of copper for which China remains a major market.