Chile leaves door open to rate cuts

Chile leaves door open to rate cuts

Economy & Policy

Chile’s central bank noted a rise in core inflation, nominal wages and fuel prices, coupled with a decline in copper prices, while leaving rates on hold at 4% on Thursday. A drop in investment and a slowdown in private consumption as well as low unemployment were factored into the decision. “Medium-term inflation expectations remain around 3% annually,” said the statement. “The board will consider the possibility of making additional cuts to monetary policy in line with the evolution of domestic

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