Chile: Recent Economic Developments
October 23, 1995
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This paper describes economic developments in Chile during 1990–95. In part, as a result of the tight monetary policy introduced in early 1992, real GDP growth declined from 11 percent in 1992 to 6 percent in 1993 and further to about 4 percent in 1994. The monetary stance was gradually eased starting in October 1994, and output growth rebounded to 6.6 percent in the first quarter of 1995 compared with the same period of the previous year. Nevertheless, the 12-month rate of inflation fell to 7.9 percent in July 1995.
Subject: Balance of payments, Banking, Capital account, Capital inflows, Financial institutions, Financial markets, Foreign direct investment, Inflation, Prices, Stock markets, Stocks
Keywords: bank, Capital account, Capital inflows, central bank, central bank bank paper, central bank purchase, Chile, Chilean peso, CR, Global, inflation, inflation objective, ISCR, monetary aggregate, Stock markets, stock transaction, Stocks, subordinated debt
Pages:
149
Volume:
1995
DOI:
Issue:
102
Series:
Country Report No. 1995/102
Stock No:
1CHLEA0011995
ISBN:
9781451807448
ISSN:
1934-7685
Notes
This report on recent economic developments in Chile was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
