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2. Macro and country context: Chile

Macro and country context for investors in Chile: the constitutional and legal rules that set the Central Bank's mandate and independence, the inflation target and policy rate, the fiscal rule and debt anchor, and the free floating peso, with the latest official figures from the Central Bank, INE and DIPRES.

Investor view. A constitutionally autonomous central bank barred from financing the State, a legislated fiscal rule with a debt anchor and a free FX market make Chile one of the most predictable macro frameworks in Latin America for long term capital.

Chile macro at a glance: the rules behind rates, inflation, the budget and the pesoChile runs inflation targeting through a Central Bank whose autonomy and ban on financing the State sit in the Constitution, a dual fiscal rule that pairs a structural balance path with a gross debt a