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 necessary, the Board will promptly adjust the monetary impulse.” Earlier this year, a percentage point of rate reduction was implemented by May in four increments.

The Central Reserve Bank of Peru likewise made no changed to its policy interest rate of 3.25%. A released statement cites sub-target and decreasing inflation in spite of faster economic growth. The rate previously was sliced by 25 basis points this year in May, July, September and, most recently, last month.

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

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