December 13, 2012
Chile’s central bank is largely expected to hold the benchmark interest rat
Chile’s central bank is largely expected to hold the benchmark interest rate at 5.0% when it meets today. “The statement will likely mention the recent strong activity data and the much lower-than-expected inflation in November. We don't expect the central bank to shift its neutral bias.” Itau says. Last month, the central bank chose to hold rates at 5.0%, pointing to ongoing considerations in Europe and the US as among the factors in its decision.