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(Bloomberg) -- Chile’s economic activity posted its biggest monthly drop since May as services declined, pushing one of Latin America’s richest nations toward recession and paving the way for more big interest rate cuts.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayOnce Unthinkable Bond Yields Now the New Normal for MarketsScientists Behind

(Bloomberg) -- Chile’s economic activity expanded for the first time since January as a surge in mining softened the blow from declines across other sectors, corroborating the central bank’s plans to continue interest rate cuts.Most Read from BloombergCharles Koch-Tied Group Seeks to Block Trump From GOP NominationUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsAsia’s Richest Families Fuel Race for Lucrative Finance JobsSingapore PM to Address Political Scandals in ParliamentMyanmar