Chile Holds Key Rate on Inflation Risks and Weak Economy
12 Articles
12 Articles
The Central Bank of Chile (BCCh) maintained its benchmark interest rate at 4.50% per year on Tuesday, in a unanimous decision. In the communiqué of the decision, the directors of the monetary authority cited greater uncertainty in the macroeconomic scenario, faced with the risks of conflict in the Middle East, and weak performance of the domestic economy. Exclusive material for subscribers. To have full access, access the link of the subject and…
In its argument, the Governing Council argues that “the macroeconomic scenario remains subject to a greater degree of uncertainty than usual.
By unanimity of the Council, the Central Bank decided to maintain the Monetary Policy Rate (MPR) again at 4.5%. The decision was in line with the expectations of the market and the recommendation of the Monetary Policy Group (MGP). In its analysis, the issuing entity stressed that the macroeconomic scenario “continues subject to a ... Continue reading “Central Bank maintains the rate and does not rule out that the economy has a “more persistent”…
Santiago de Chile, Sep 8 (Latin Press) The Council of the Central Bank of Chile decided today unanimously to keep unchanged the leading interest rate, located at 4.5%, according to the conditions of the economy, both globally and locally. The post Central Bank of Chile maintained without variation the leading interest rate first appeared on Noticias Prensa Latina.
Officials of the Central Bank of Chile are caught between two opposing forces: an unexpectedly pronounced local economic slowdown and inflationary pressures arising from new developments abroad. Read more
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