Central Bank of Chile’s Policy Rate Kept at 2.5%
September 14, 2017
Chile’s policy interest rate was cut four times by 25 basis points each in the first five months of 2017 and has been at 2.5% since May after holding at 3.5% all of last year. The latest policy review found little had change since last month’s meeting. Inflation of 1.9% is below the 3% medium-term target but projected to converge on that level during the forecast period. “The Board will
continue to monitor any deviations of the baseline scenario that may hinder the convergence of inflation to 3% over a two-year horizon and warrant moving the monetary policy interest rate.”
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Tags: Central Bank of Chile
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