Bank of Chile

Central Bank of Chile

October 16, 2015

Chile’s monetary policy rate was lifted by 25 basis points to 3.25%.  This was the first increase since June 2011.  In between, the rate had been lowered nine times by 225 basis points in all.  The first of those cuts occurred in January 2012, and the last one was done a year ago in October […] More

Bank of Chile and Central Reserve Bank of Peru

May 14, 2015

Chile’s key interest rate was left at 3.0%, its level since a 25-basis point cut last October.  That was the sixth reduction in 2014.  Although inflation of 4.2% exceeds the 3% target, officials expect such to converge downward on the target and note that expected inflation remains well-anchored.  Peru’s central bank rate is 25 basis […] More