LatinNews Regional Monitor: Brazil & Southern Cone - 18 February 2020

*The vice president of Chile’s central bank (BCCh), Joaquín Vial, has said he expects to see a “drastic” deceleration in the country’s economy in 2020 and for inflation to approach 4% between the second and third quarters. Speaking at a seminar in Spain’s central bank to discuss the effects of Chile’s social conflict on the economy and financial assets, Vial described the crisis as the “biggest political and economic challenge for Chilean institutions since the return to democracy”, which has had a “significant impact” on public and business confidence. For Chile’s economy to fully recover, he said, “the key variable...will be the reduction in uncertainty”.

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