At the latest monetary policy meeting held on 17 February, the Central Bank raised the policy rate by 25 basis points to 3.5%. The decision was not a surprise for market analysts, after the Central Bank paused the gradual tightening at its January meeting in order to assess the impact of the USD 12 billion foreign-exchange intervention plan. According to the Bank, rising international commodity prices, especially for food, pose inflationary pressure. However, the Bank claimed that ?inflation has behaved as expected and core inflation measures remain bounded?. The Bank also stated that economic activity, domestic demand and unemployment remain in line with expectations. The Central Bank reiterated that it will continue to reduce the current monetary stimulus over the coming months, as domestic and external sectors take positive strides.
Chile Monetary Policy
Central Bank resumes tightening
February 17, 2011
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Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).