Central Bank of Chile

March 17, 2016

Chile’s monetary policy rate was left unchanged at 3.5%.  Last October, officials raised such by 25 basis points, the first increase of any size since June 2011, and that action was followed by another 25-basis point hike in December to 3.5%.  A statement explaining this month’s decision commits to lowering inflation from above 4% now to the 3% target.  Expected inflation is consistent with the target and notes that “available output and demand data reveal a weaker performance in late 2015 than was foreseen in the December Monetary Policy Report.”

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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