At its 15 September monetary policy meeting, the Central Bank left the policy rate unchanged at 5.25%, which was in line with market expectations. The decision marked the third consecutive month that the Bank left rates unchanged, as inflationary expectations are close to the target rate and slowing economic growth in advanced economies, as well as high volatility of international markets, allow for a yet another precautious halt in the tightening cycle. The Board reiterated its commitment to conduct monetary policy with flexibility so that projected inflation will stand at 3.0% over the policy horizon. Moreover, on 28 September, the Central Bank indicated that it is prepared to act ?aggressively? if prospects for the global economy deteriorate further. The next policy meeting is scheduled for 13 October.
Chile Monetary Policy
Central Bank keeps policy rate unchanged
September 15, 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).