January 17, 2013
Chile’s central bank is largely expected to hold rates at 5.0% at its polic
Chile’s central bank is largely expected to hold rates at 5.0% at its policy meeting today. Bank of America Merrill Lynch, among those anticipating another pause, says a hold is most likely due to the current market conditions. “Inflation will stay below the target band for several months, so we do not expect the [Central Bank] to hike rates. With a strong economy, it is unlikely to cut either,” it says.