Kenneth Rogoff, former chief economist at the IMF, predicts that the renminbi will emerge as a global reserve currency within the next five years, highlighting a shift in the financial landscape as he addresses the vulnerability of the U.S. dollar.

Froilán Flores, vice president of the Free Market Association, has urgently requested a meeting with Finance Minister Jorge Quiroz to address this complex situation: "I humbly ask, as a market vendor, to speak with Minister Quiroz and his team," the representative stated.

The analysis from ICAL indicates that the series of measures being implemented will adversely affect household consumption and private investment.

The government sought to establish the discourse of a 'bankrupt state' to justify the gas price hike, exposing a significant communication error and a failed strategy to set the official narrative.

The Central Bank has revised its inflation forecast upward, now expecting a Consumer Price Index (CPI) of 4% due to rising fuel prices in Chile, significantly influenced by international conflicts.

The government's initiative, introduced with urgency for immediate discussion, will now be reviewed by the Senate in its second constitutional procedure.

Through a statement, the coalition rejected the increase in fuel prices and questioned Finance Minister Quiroz's justification for it: "A quick look at the figures reveals that the country has levels of debt and public spending well below the OECD averages, and a deficit situation similar to that left by previous administrations," they noted, adding that Kast's government seeks to impose its ideological agenda "at the expense of the peace of Chilean families."

Leaked by Deputy Jaime Araya, the "confidential and internal use" minutes establish a script for selling the fuel price increase, managing criticisms, and orchestrating the official narrative around war, fiscal inheritance, and alleged lack of state margin.

With a price increase of up to $580 per liter, José Antonio Kast's government has shifted the financial impact of the energy crisis onto families, reigniting concerns about his change in stance after previously using fuel prices as a political weapon while in opposition.

The ongoing war in Iran and Chile's fiscal situation were cited by the Secretary of State as reasons for the price increase, which will be enforced starting Thursday, March 26.