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

1CHLEA2005003 Image
Price:  $15.00

Release Date: © September, 2005
ISBN : 978-1-45195-159-2
Stock #: 1CHLEA2005003
English
Stock Status: On back-order

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Description

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.




More publications in this series: IMF Staff Country Reports