José Luis Daza: "The inflation objectives set by central banks have been lost"

SANTIAGO.- Chilean economist José Luis Daza stated today that the inflationary goals set by central banks throughout the world have been lost, at a time when, according to the expert, 40% of the world population currently lives with inflation rates above the double digits.

Daza, who now resides in New York, also proposed that a very significant rise in worldwide spending is on its way, which offers a grand opportunity for Latin America due to the implied hike in commodity prices.

With regards to this last point, Daza maintained that the continent is making an “embarrassing waste of opportunity” by not taking maximum advantage of the situation.

While participating in a seminar organized by Moneda Asset Management, Daza also referred to the administration of the Chilean Treasury, which he evaluated as good.