Central Bank of Chile

August 17, 2017

The latest review of Chilean monetary policy ended with a decision to leave the key interest rate at 2.5%, the level since the last of four 25-basis point cuts implemented between January and May of this year. The policy bias remains neutral. Inflation of 1.7% currently lies below the target of 3%, but officials still expect inflation to reach that level by the end of the policy horizon. Growth last quarter was soft, but copper prices and the peso have risen. Market measures of inflation are consistent with the target.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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