Chile Central Bank raises rate 25bps to 2.75%

Banco Central de Chile raised its rate 25bps to 2.75%, after 4 straight 50bp increases from a record-low 0.50% rate in June.

The bank will likely continue to normalise policy, but within the backdrop of the Chilean economy, and the wider global economy:

The Board will continue to reduce the current monetary policy stimulus at a pace that will depend on the unfolding of domestic and external macroeconomic conditions.

See announcement: http://www.bcentral.cl/eng/press/communications/pdf/16092010.pdf