Central Bank of Chile

May 3, 2018

Chilean monetary officials unanimously agreed to keep their monetary policy rate at 2.5%, the level since four 25-basis point cuts in the first five months of last year. A statement was released affirming the Board intention to “keep the
monetary stimulus at its current level until macroeconomic conditions tend to
consolidate the convergence of inflation towards 3%. The persistence of inflation at low levels, especially its core component, means that the risks of not achieving the target within the policy horizon remain, a situation that will continue to be monitored with special care.” In March, total and core CPI inflation were 1.8% and 1.6%. Growth is expected to exceed 3.5%.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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