Friday, October 15, 2010

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:


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