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

September 1, 2005

Preview Citation

Format: Chicago

Chile: Staff Report for the 2005 Article IV Consultation: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 23, 2024

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.

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

Keywords: Asia and Pacific, Authority, Banking industry, CR, Economic growth, Fiscal policy rule, Forecast inflation, Global, Government transfer, Income, Inflation, Inflation targeting, ISCR, Market, Metal prices, Monetary policy, Monetary policy condition, Unemployment rate

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/315
Stock No:

1CHLEA2005003
ISBN:

9781451951592
ISSN:

1934-7685

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