![Chile's economy enters 2024 on "more positive note" than 2023, says central bank chief](https://cdn.suara.my/assets/20240105062426/Chile039s-economy-enters-2024-on-ampquotmore-positive-noteampquot-than-2023-696x365.png "Chile's economy enters 2024 on "more positive note" than 2023,")
According to local media, at the beginning of 2024, the Chilean economy showed signs of improvement compared to the previous year, with Chile’s Central Bank President, Rosanna Costa, commenting on the positive outlook.
Costa spoke at a gathering of the Association of Economic and Finance Journalists, stating that the country has successfully decreased its inflation rate and is on track to reach the target rate of 3 percent in the latter half of the year.
She added that this development is beneficial for families, businesses, and the economy as a whole, although she emphasized that there is still work to be done.
Costa also highlighted that 2024 will be characterized by a monetary policy to address inflation and a financial policy aimed at creating new financial instruments.
The preliminary economic report released by the central bank on January 2 projected a 1.2 percent growth in the Chilean economy in November 2023 compared to the previous year.
The National Institute of Statistics (INE) announced that Chile experienced a 4.5 percent inflation rate between January and November 2023. This is a decrease from the 12.8 percent inflation rate in 2022, which was the highest level in three decades due to an economic crisis.
