Economy / Chile
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Stagflationary Forces Brew
August 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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As the general price level in Chile accelerates we are growing less confident that falling international energy prices will be enough to bring down inflation. High levels of money supply growth and negative real interest rates are exacerbating inflation, while the economy is slowing down. The Banco Central de Chile faces a potential stagflation threat.