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(Bloomberg) -- Chile’s billionaire Matte clan, with assets in forestry, power generation and telecommunications, is looking to expand its presence in financial services via a merger of its bank operations with a local rival.Most Read from BloombergTesla Sinks After Warning About ‘Notably Lower’ Growth RateUS GDP Grew 3.3% Last Quarter, Capping Unexpectedly Strong YearBoeing Blocked From Building More 737s in Hit to Growth PlanMicrosoft Cuts 1,900 Jobs in Gaming, Including at ActivisionThe Matte’

Chile is expected to cut its benchmark interest rate on Friday, the first major Latin American economy to do so since a wave of hikes to contain surging post-pandemic inflation, in a likely sign of...