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BusinessBloombergChile’s Inflation Accelerates, Stoking Caution on Rate Cuts
(Bloomberg) -- Chile’s consumer prices rose more than forecast last month, underscoring the central bank’s caution over further interest rate cuts after it spearheaded reductions in Latin American over the past year.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyPrices i
- BusinessReuters
UPDATE 1-Chile's consumer prices up 0.5% in April, above forecasts
Consumer prices in Chile rose more than expected in April, data from statistics agency INE showed on Wednesday, with 12-month inflation trending back up to the 4% level driven by higher food, non-alcoholic beverages and transportation costs. Inflation in the Andean country hit 0.5% last month, INE said, above market forecasts of a 0.35% increase in a Reuters poll of economists. The figure took 12-month inflation in the world's largest copper producer to 4.0%, up from the 3.7% reported in the previous month and above the central bank's target of 3%.
BusinessBloombergECB’s Wunsch Warns That Risks to Inflation Outlook Persist
(Bloomberg) -- European Central Bank Governing Council member Pierre Wunsch still sees dangers for consumer prices – including a weaker euro should monetary policy diverge too much from the US.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels Testimony“Significant risks remain aroun