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.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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