Chile's July Imacec Plunges 1.5% YoY, Worst in 3+ Years; Data Week Ahead

Chile's July economic activity index (Imacec) fell 1.5% year-on-year, the steepest drop in over three years, signaling a sharp growth slowdown. This week's inflation, employment, and central bank rate decisions will determine whether the slowdown is cyclical or structural. The data could prompt the central bank to ease policy sooner than expected, with implications for the peso and local assets.