Bank of Chile

Some Guarded Optimism Regarding Greece

March 20, 2015

Talks yesterday between Greek leaders and that economy’s creditors were reportedly productive.  Greece is to present a list very soon of reforms that it will do.  Until then, the main loan will not go through, so Greece will need some kind of stop-gap support in the immediate time ahead.  At least the sides are talking, […] More

Central Bank of Chile

May 17, 2013

The central bank board left the monetary policy interest rate at 5.0%, its level since a sole 25-basis point cut in January 2012.  Previously, the rate was raised 475 basis points in a dozen moves between June 2010 and June 2011 after having been cut by 775 bps to 0.5% during the first seven months […] More

Chilean Monetary Tightening Paused Temporarily

July 14, 2011

The Bank of Chile did not raise its key interest rate for just the second time in 14 consecutive monthly meetings, the other time being last January.  The rate will stay at 5.25%, 475 basis points higher than the recessionary low of 0.5% but 300 basis points below the last cyclical peak of 8.25%.  A […] More