Chile cuts rates, analysts say more to come

Chile cuts rates, analysts say more to come

Economy & Policy

Analysts expect further cuts to Chilean interest rates after the country’s central bank lowered rates by 25bp at its Tuesday meeting to 4.25%. The decision, which had been expected by the markets, factored in emerging market volatility, improving US growth, depreciation of the peso and lower-than-expected local economic performance, the bank said. Another cut this year is likely, analysts said after the decision, pointing to the bank’s note that “in the upcoming months it may be necessary to add

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