July 13, 2012
Chile held its benchmark interest rate at 5.00%, and Peru did the same, at
Chile held its benchmark interest rate at 5.00%, and Peru did the same, at 4.25%, both in line with market expectations. Chile’s central bank highlights market volatility and weaker-than-expected performances on the parts of large economies. “The statement came again neutral, with balanced risks between external developments and Internal growth/Inflation,” Nomura says, predicting a possible rate cut in Q4.