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% over the medium term. September’s pace was only half that target, but officials expect to drift higher. Long-term inflation expectations remain consistent with the central bank target, and economic growth seems to be picking up after dragging early in this year.

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

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