Chile expected to keep rates on hold despite inflation surprise

Chile expected to keep rates on hold despite inflation surprise

Economy & Policy

Chile’s central bank is expected to keep its benchmark interest rate at 4% at its monetary policy meeting today, despite higher than expected inflation in March. The official inflation figure for March showed a 0.8% rise in prices month-on-month. Research from Credicorp Capital said the increase was primarily caused by a readjustment in annual education fees. The central bank cut rates 25bp last month. Minutes from last month’s meeting “showed that the board is somewhat more concerned about the

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