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Chile's inflation increases sharply.

Publication: Market Latin America
Publication Date: 01-NOV-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Aside from the fact that Chile's economy is regarded as one of the most open in the Latin America region, Chile's consumers benefit from the stability of the country's banking system. A September 7, 2007 study by the International Monetary Fund (IMF) said the following about Chile's banks. "Since 2001, Chilean banks have had Latin America's lowest nonperforming loan (NPL) ratios, and returns on both assets and equity have been among the highest and most stable in the region."

But, says the IMF, the country's openness cuts both ways. "Even so, given the...

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