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Hopes of World-Beating Rate Cuts Are Luring Investors to Cheap Chilean Stocks

“The large macroeconomic imbalances that built up during Chile’s post-pandemic recovery have eased substantially, which is likely to prompt the central bank to deliver more rate cuts than almost any other EM central bank over the next couple of years,” Capital Economics’ Kimberley Sperrfechter wrote Monday. “We expect this, alongside looser fiscal policy and high copper prices, to pave the way for a stronger recovery than most expect,” she said.

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