Chile President Kast Takes Office Amid Global Volatility

Jose Antonio Kast takes office as Chile's president amid market volatility. The leader faces rising inflation risks while pursuing his economic growth agenda.

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Elected during an economic upswing, the incoming administration in Chile is now preparing to take office amid global market turmoil. While Jose Antonio Kast was elected on promises of deregulation, public spending cuts, and robust economic growth, the geopolitical crisis involving Iran has sent international markets into a tailspin, complicating the transition of power scheduled for Wednesday.

President-elect Jose Antonio Kast gets ready to speak to the media after meeting with Chile's President Gabriel Boric at La Moneda Presidential Palace in Santiago, Chile, March 8, 2026. REUTERS/Pablo Sanhueza
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