Since 1990, Chile has dramatically reduced poverty from 40 to 9%, but the middle classes improved their lifestyles through credit. Now, 70% of those families live with unsustainable levels of debt.

Latin America's economy has grown at an astonishing rate in the last few decades, helping Chile reduce poverty by a significant margin. The number of people who are economically vulnerable and the ...

Chile’s central bank announced on Tuesday a 25-basis-point drop in its benchmark interest rate to 5.00 per cent. This action is part of an ongoing easing cycle that began in mid-2023 to ...

The Chilean national CASEN Survey revealed last week that even though poverty in the capital Santiago is below the national poverty rate of 15.1%, the city’s poverty levels grew from 10.6 to 11. ...

Chile’s central bank said its future monetary policy decisions should consider significant risks including short-term ...

The Chilean government conducts a national household survey every two years and provides a measure of how many in the country are facing poverty. This includes people who struggle to buy enough ...

Trends in the poverty rate, the poverty gap, and the severity index under various ... Many countries in LAC including Brazil, Argentina, Chile etc. have incorporated these changes in their household ...