Chile central bank chief supports growth forecast

Vittorio Corbo, head of the Central Bank of Chile, told business leaders on Thursday 25 March that investment had begun to recover last year after a prolonged slump and the central bank was working hard to get inflation up to around 3 per cent following fears of a deflationary cycle.

"Investment grew more than GDP in 2003, by 4.8 per cent ... but its growth is still lagging," Corbo said in a speech at a business seminar.

"(The investment level) does not put at risk our growth target for 2004

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