At the first policy meeting of the year, held on 13 January, the Central Bank of Chile left the policy rate unchanged at 3.25%. The decision to hold rates was unexpected after seven consecutive monthly increases beginning in June 2010. According to the Bank, European debt risks remain a concern in international financial markets and the slow recovery in developed countries continues to weigh on the future prospects of emerging economies. Meanwhile, the peso depreciated after last month's announcement of the foreign currency purchase program, which might raise price pressures from abroad, and thus push inflation above expected levels. The Central Bank reiterated that it will continue to reduce the current monetary stimulus over the coming months, in line with its intervention program.
Chile Monetary Policy
Central Bank leave interest rate unchanged
January 13, 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).