Stagnant inflation leads Chile's central bank to cut growth rate

Chile's central bank cut its 2019 economic growth forecast to 3 to 4 per cent from a previous forecast of 3.25 to 4.25 per cent in its quarterly IPoM report on Monday, signalling a more cautious easing of monetary stimulus amid sluggish inflation.

Inflation has been more subdued than initially expected in the world's top copper exporter in recent months. In the IPoM report, the bank revised down its 2019 year-end inflation forecast to 2.6 per cent from its previous forecast in December of 2.9 per cent.