In September, Chile's economic activity experienced a significant decline, which was the largest monthly drop since July 2022.

The Imacec index, a proxy for gross domestic product, fell by 0.8% compared to the previous month, contrary to analysts' expectations of no change.

On a year-on-year basis, economic activity remained flat, disappointing forecasts that predicted a 1.2% increase. This unexpected contraction has raised concerns about the potential for a rebound in the third quarter and has led to increased speculation about further interest rate cuts by the central bank.