Central Bank of Chile

December 12, 2013

Chile’s monetary policy interest rate had been cut by 25 basis points in both October and November, and an earlier such reduction was made in January 2012.  But after this month’s policy meeting today, officials left the rate at 4.5%.  A released statement observes gradually slowing growth and inflation that now lies marginally below its 2-4% target but which officials project will edge upward and converge on the target midpoint during the policy horizon.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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