Chile’s Constitutional Council unveiled a second draft of the national constitution, which is notably more liberal than its predecessor. The Council holds a conservative majority. The aim is to replace the 1981 Constitution. This old constitution came from the military rule of Augusto Pinochet. Many criticize it for supporting social inequality and privatizing essential services. […]
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Central bank chiefs, including European Central Bank President Christine Lagarde, have shown skepticism towards aggressive interest rate reductions. This cautious approach contrasts with market traders, who are repositioning in anticipation of such changes. Lagarde’s recent communication to Bloomberg News hinted at a potential ECB rate cut during the European summer, depending on economic data and […]
