At its 14 June policy meeting, the Central Bank left the policy rate unchanged at 5.00% for a fifth consecutive month, in a decision widely expected by the market. In its statement, the Bank expressed its concerns over the increased volatility in global markets and rising financial tensions in the Eurozone. The Bank noted that economic activity is performing in line with its trend and the labour market remains tight. In addition, monetary authorities stated that inflation is around 3.0%, and inflation expectations remain around the Bank
Chile Monetary Policy
Central Bank stays put
June 15, 2012
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Chile Monetary Policy Chart
Note: Monetary Policy Rate (TMP, Tasa de Politica Monetaria) in %.
Source: Chile Central Bank (BCC).
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).