At its 18 August monetary policy meeting, the Central Bank left the policy rate unchanged at 5.25%, in a move that matched market expectations. The decision marked the second consecutive month that the Bank left rates unchanged, as reduced inflationary expectations and volatile international markets gave the necessary room for a precautious halt in the tightening cycle. The Central Bank removed the hike bias statement that ended the previous communiques. Instead, the Bank announced that any future changes in the monetary policy rate will depend on the effects of domestic and external conditions on inflationary expectations, thus avoiding any direct reference to rate hikes. Moreover, on 23 August, the Bank's President Jose De Gregorio indicated that the Bank may even cut interest rates if ?the world decelerates enough to provoke a deceleration that exacerbates gaps and expands excess capacity?. The next policy meeting is scheduled for 15 September.
Chile Monetary Policy
Central Bank holds policy rate for the second consecutive month
August 18, 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).