Chile cuts rates to 4%

Chile cuts rates to 4%

Economy & Policy

Chile’s central bank cut its interest rate 25 basis points to 4% at Thursday’s meeting, pointing to tough conditions in Latin American markets. Further cuts may be ahead, depending on domestic and global conditions, analysts said after the decision. “In case of continued slowing GDP growth and contained inflationary pressures, there could be further cuts to the [rate] in following months,” Credicorp Capital analysts said in a research note after the decision. Itau analysts expect two more 25bp i

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