December 13, 2013
Chile’s central bank decided to hold rates at 4.5% when its central bank me
Chile’s central bank decided to hold rates at 4.5% when its central bank met Thursday, in line with market expectations. “Our trading partners are growing somewhat below their historic average, but a recovery is expected in the coming quarters, grounded on the rebound of developed economies, especially the United States, and the stabilization of emerging markets,” the bank says in a note. The bank cut rates 25bp at its November meeting, following a surprise cut of 25bp at its October meeting.