Interest rates could fall to 0,5%

Chile's benchmark interest rate would drop to 0,5% at the end of the month and remain at that level at least until September, according to a Central Bank survey. In mid March, the Central Bank cut the Monetary Policy Rate (TPM) to 1,0% amid the weakness of the economy and the uncertain outlook for the rapid spread of coronavirus.

South American ministers coordinate a protocol to guarantee food supply

South American ministers met to discuss issues related to the continent's agricultural production, transportation, and food distribution to guarantee the flow of essential goods during the quarantine period. The ministers agreed to standardize a procedure so that trucks could continue circulating across the borders without affecting the food supply chain between the different countries.