Fynsa
The Central Bank of Chile has resumed the reduction of interest rates, which has led to a greater relevance of the UF and short-term bonds as conservative investment alternatives.
The risk is that the Fed will wait too long and thereby damage economic growth and financial stability.
It could hardly be argued that there is still a long way to go to return to normal inflation, as is happening in other economies.
In our 2024 Asset Allocation Outlook, bonds emerge as a prominent asset class.
