Chilean central bank President Mario Marcel said he doesn’t anticipate a rate increase this year because the impact of the coronavirus pandemic on the economy isn’t over. In an lengthy interview with the daily La Tercera, Marcel defended the bank’s decision to revise the nation’s growth expectations upward to 7% this year. Still, he said, the recovery would depend on the vaccine rollout, and that impacts of the pandemic will still be felt. “The external environment has become much more favorable,” Marcel said. “And of course the vaccination process also helps. But I want to emphasize that the improvement in the ... (full story)