The central bank will consider factors other than inflation for its monetary policy, such as the current account deficit, financial conditions and international trade.
The Chilean economy is in such a state of disarrangement that it cannot act as it is accustomed to in this type of situation.
This logic is anchored to the market playbook of past recessions, but "the world is different now, inflation is much higher."
It is likely that the focus in the second half of the year should be on at least two variables: inflation and interest rates.