In an effort to rekindle economic activity, Chile's Central Bank lowered the policy rate by 25 basis points to 5.00% at its 12 January monetary policy meeting, the first cut seen since July 2009. The move surprised market analysts, who had expected the policy rate to remain unchanged in January, after the higher-than-expected inflation reading recorded in December. The Bank noted that economic activity has evolved in line with the forecasts set out in its latest Monetary Policy Report. The labour market, however, is still tight, although inflation expectations remain near the target. The next policy meeting is scheduled for 14 February.
Chile Monetary Policy
Central Bank cuts policy rate
January 12, 2012
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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).