Central Bank of Chile

Monetary Policy on Hold at Central Bank of Chile

June 14, 2018

The monetary policy rate has been 2.5% since four 25-basis point cuts implemented within the first five months of 2017, and yesterday’s decision announced late in the day again resulted from a unanimous vote. Officials released a statement that revised the near-term inflation forecast upward due to oil price developments and a depreciated Chilean peso, […] More

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 […] More

Chilean Policy Rate Left at 2.5%

March 20, 2018

The Central Bank of Chile’s Board voted unanimously to keep its 2.5% monetary policy interest rate. It reached that level in May 2017 after the last of four 25-basis point cuts that year. A statement released after the policy review observed two somewhat offsetting developments. On the one hand, the economy grew a little faster […] More

Central Bank of Chile

February 2, 2018

There were four Chilean central bank interest rate cuts in 2017, each by 25 basis points and all done by May. The key rate has been at 2.5%, and officials unanimously decided to it there at the first policy review of 2018. A statement was released afterwards that leaves the door open to possible more […] More

Central Bank Rates in Chile, Peru and Colombia Left Unchanged

December 14, 2017

The Central Bank of Chile’s main interest rate was retained at 2.5%, but a released statement expresses some concern about the effect of inflation staying below target might have on actual inflation. “The risks of a delay in the convergence of inflation associated to its current persistently low level are still present, so, if deemed […] More

Central Bank of Chile: Board Leaves Policy Unchanged

November 15, 2017

Chile’s monetary policy rate had been reduced by 25 basis points four times during the first five months of 2017 to the current level of 2.5%. That’s higher than the present on-year CPI inflation rate of 1.9% but below the center of the medium-term 2-4% CPI target. In a statement after the latest Board meeting, […] More

Central Bank of Chile

October 19, 2017

Chilean monetary officials once again left the key interest rate at 2.5%. The last reduction in May capped four 25-basis point moves during the first five months of 2017 to the current level. The rate had been at 3.5% throughout the entirety of 2016. Officials run an inflation-stabilization monetary policy, targeting the CPI at 3.0% […] More

Central Bank of Chile’s Policy Rate Kept at 2.5%

September 14, 2017

Chile’s policy interest rate was cut four times by 25 basis points each in the first five months of 2017 and has been at 2.5% since May after holding at 3.5% all of last year. The latest policy review found little had change since last month’s meeting. Inflation of 1.9% is below the 3% medium-term […] More

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 […] More

Central Bank of Chile Interest Rate Lowered to 2.50%

May 18, 2017

The central bank Board made its fourth 25-basis point interest rate cut of 2017 today, following similar moves in January, March and April. January’s reduction was the first change since a pair of 25-basis point increase in October and December of 2015 and the first reduction since October 2014. A statement released after the May […] More

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