Central Bank of Chile Stays in a Wait and See Mode
January 15, 2015
Following eight 25-basis point policy interest rate cuts between October 2013 and October 2014, the Board of the Central Bank of Chile adopted a wait and see posture. Inflation of 4.6% is falling amid weak production and demand but remains above the 2-4% target range. A statement released today after the January Board meeting noted that “medium-term inflation expectations remain around 3%. The evolution of prices will continue to be monitored with special attention.” Indicators of medium-term inflation are hovering very close to the 3% target midpoint.
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Tags: Central Bank of Chile