Chile cenbank: stronger dollar, global prices could stir higher inflation

A stronger U.S. dollar and higher global prices could push Chile's annual inflation rate up to around 4% in the coming months, the country's central bank President Rosanna Costa said on Wednesday.

The central bank still sees inflation converging to its 3% target within two years, Costa said during a presentation. The rate of rising consumer prices in the Andean country slowed to 3.7% in March, down from the 4.5% reported in the previous month.