Central Bank of Chile

August 14, 2014

Chile’s monetary policy interest rate was sliced by 25 basis points for the seventh time since last October and in the second consecutive month.  The rate is now 3.5%.   A released statement from central bank officials notes that growth in output and demand have slowed faster than anticipated and projects a decline in inflation: “The most likely scenario continues to assume that inflation will stay above the upper bound of the tolerance range still for some months, to later return to the target. This evolution will continue to be monitored with special attention.  The Board will consider the possibility of making additional cuts to the monetary policy rate.”

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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