Highlights of Chile

Edition 2008 - 2009

• Economic growth slowed down in the second half of 2008 due to the global economic and financial crisis.
• A Free Trade Agreement signed with Panama and a limited Economic Complementation Agreement signed with Cuba in 1999 came into force during 2008.
• The Central Bank of Chile raised interest rates in February, June, July, August, September and October in an effort to contain inflation, though it has reduced them sharply in early 2009

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