of chile and bloomberg. figure 15 mpr corridor ( * ) ( quarterly average, percent ) dec. 22 corridor fts ees sep, 22 corridor mpr 24. iv 24. iii 24. ii 24. i 23. iv 23. iii 23. ii 23. i 22. iv 22. iii 22. ii 22. i 21. iv 21. iii 21. ii 21. i forward ( * ) the corridor is built by following the methodology described in box v. 1 in march 2020 mp report and box v. 3 in march 2022 mp report. for dtails, see methodological note ( figure ii. 1 in chapter ii of december 2022 mp report ). source : central bank of chile. table 1 domestic scenario 2022 ( f ) sep. 22 mp dec. 22 mp report report 2023 ( f ) sep. 22 mp dec. 22 mp report report 2024 ( f ) sep. 22 mp dec. 22 mp report report ( annual change, percent ) gdp demanda interna domestic demand ( w / o inventory change ) gross fixed capital formation total consumption private consumption goods and services exports goods and services imports current account ( % of gdp ) gross national savings ( % of gdp ) nominal gfcf ( % of gdp ) 11. 7 21. 6 18. 0 17. 6 18. 2 20. 3 - 1. 5 31. 3 - 6. 6 18. 8 24. 0 1. 75 - 2. 25 1. 2 0. 9 - 3. 3 2. 2 1. 4 1. 3 - 1. 4 - 6. 3 18. 9 23. 5 ( f ) forecast. source : central bank of chile. 2. 4 2. 5 3. 2 2. 9 3. 3 2. 7 0. 9 1. 1 - 8. 7 17. 7 25. 6 - 1. 5 / - 0. 5 - 4. 7 - 4. 6 - 4. 7 - 4. 6 - 5. 7 5. 5 - 5. 5 - 3. 6 20. 0 22. 2 - 1. 75 / - 0. 75 - 5. 3 - 4. 6 - 5. 0 - 4. 5 - 5. 9 6. 0 - 5. 4 - 4. 9 20. 2 24. 3 2. 25 - 3. 25 2. 2 2. 6 2. 9 2. 4 2. 5 3. 0 1. 2 - 3

the coming quarters, as the economy restores its balance between savings and investment. the drop of transportation costs from its peak will also contribute. in the central scenario, the current account will close 2022 with a deficit of 8. 7 % of gdp, then will decline to 4. 9 % in 2023, and to 4. 1 % in 2024. the boost that the chilean economy will receive from abroad is downgraded from our september estimate. in a context of more contractionary monetary policies in the developed world, the prospects for world growth have fallen again. the central scenario foresees that the u. s. and the eurozone will enter a recession in 2023. our trading partners will thus grow 2. 1 % next year ( 2. 6 % in september ). commodity prices are still expected to take a downward path from their current levels. copper will trade at average prices of us $ 3. 55 and 3. 45 in the next two years, while oil will trade around us $ 80 in the same period ( figure 14 ). monetary policy at our monetary policy meeting yesterday, we decided to keep the benchmark rate flat at 11. 25 %. we also communicated that the policy rate will remain unchanged until the state of the macroeconomy gives signs that the process of inflation convergence to the 3 % has been consolidated. monetary policy has made a significant adjustment and is favoring the resolution of the imbalances still present in our economy. nonetheless, inflation is still very high and its convergence to the target is still subject to risks. regarding future movements of the mpr, the boundaries of the mpr corridor that we present in this report reflect some scenarios where the pace of the process of inflationary convergence gives way to either earlier or later adjustments of the rate compared with the assumptions in the central scenario. one important factor is the assessment of inflationary persistence, which owes to either the magnitude and sign of new inflationary surprises, or to the degree of adjustment of expectations. scenarios where these variables denote higher or lower inflationary persistence could lead the mpr reduction process to take longer or conclude sooner than projected. another relevant factor will be the economy ’ s adjustment speed. the external scenario has been deteriorating steadily and the expectations of households and firms are in pessimistic territory. in this context, a faster adjustment of the economy leading to an earlier reduction of the mpr cannot be ruled out. in any case, the opposite scenario cannot be ruled out