The June Monetary Policy Report cut the GDP expansion range for 2026 but improved estimates for the following two years. Officials noted that the adjustments come before the megareform and the US-Iran agreement.
In its June report the Central Bank reduced the 2026 GDP growth range to between 1% and 1.75%, from the previous interval of 1.5% to 2.5%. At the same time it raised the projection for 2027 to a range of 2% to 3% and that for 2028 to between 1.75% and 2.75%.
Finance Minister Jorge Quiroz welcomed the upward corrections from Congress. “That is still before our reconstruction bill, which we are confident will further raise that future growth expectation,” he said.
Central Bank President Rosanna Costa presented the report to the Senate Finance Commission. She explained that the Chilean economy performed below expectations due to the weak performance of sectors linked to natural resources, although growth prospects for 2026-2028 show no significant differences from March.
