Core Viewpoint - The Central Bank of Chile has revised its economic growth and inflation forecasts, indicating a more challenging economic environment than previously expected [1] Economic Growth Projections - The upper limit of the economic growth forecast for 2025 has been raised to 2.25%-2.75% [1] - Internal demand expectations have been increased from 3.2% to 4.3% [1] - Investment projections have been adjusted from 3.7% to 5.5%, driven by large projects, favorable financial conditions, and business confidence [1] - Consumption expectations have been raised from 2.6% to 3% [1] - Personal consumption forecasts have been increased from 2.2% to 2.7% [1] Inflation Expectations - The inflation forecast for the end of 2025 has been raised to 4% [1] - The timeline for inflation to reach the target of 3% has been pushed back from the first half of 2026 to the third quarter of 2026 [1] - The delay in reaching the inflation target is attributed to higher-than-expected core inflation, strong private spending, high wage pressures, and a local currency weaker than depreciation expectations [1]