Fynsa
At the meeting, which was well attended by clients, our partner Cristián Donoso highlighted the opportunities presented by private debt as an asset in the current scenario, while Ignacio Briones, economist, former Minister of Finance and President of Horizontal, addressed the economic challenges and the conditions for resuming growth.
Can the United States continue to finance the world at the expense of its productive backbone? If there is no restructuring, the alternative path is attrition and loss of influence.
Consumers have shown significant resilience, but there are certain things that cannot be ignored, such as lower incomes and reduced savings.
As usual, I wanted to summarize our main projections for 2023, at the risk of being overcharged in twelve months' time.
The Central Bank will take into account factors other than inflation in setting its monetary policy, such as the current account deficit, financial conditions, and international trade.
The data clearly showed us that inflation is far from ceasing to be a problem.
The risk of reducing the MPR and then having to reverse it due to a misreading of the information is much higher than leaving it at 11.25% for longer than appropriate.
The important question that arises with respect to the Central Bank's policy is how long monetary tightening will be on hold.
There is still a great deal of uncertainty about how far rates could go in the current cycle.
We must not forget that, once the immediate imbalances have been resolved, our economy’s growth potential is very low.
