IMF Staff Country Reports

Chile: Staff Report for the 2005 Article IV Consultation: Staff Report for the 2005 Article IV Consultation

Publication Date:

September 1, 2005

Electronic Access:

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Summary:

The staff report for the 2005 Article IV Consultation for Chile highlights short-term economic outlook and fiscal policy under the structural surplus rule. The government is firmly committed to the structural surplus rule. The core inflation rate has risen, reflecting the gradual closing of the output gap and the second-round effects of higher energy prices. The central bank plans to continue gradually withdrawing monetary stimulus. It has appropriately started to raise interest rates, and further increases will likely be needed, depending on developments in inflation and the closing of the output gap.

Series:

Country Report No. 2005/315

Subject:

Banking External debt Fiscal policy Income Inflation Metal prices National accounts Prices Public debt