At its 18 October policy meeting, the Central Bank left the policy rate unchanged at 5.00%, in a move widely expected by the market. Policy makers last changed the policy rate in January with a 0.25 percentage-point cut. In its statement, the Bank acknowledged that, although tensions in the Eurozone have eased after the announcements of the European Central Bank, uncertainty remains, posing a potential risk in the months to come. The Bank underlined that economic activity is performing in line with its trend driven by strong domestic consumption. In addition, monetary authorities stated that inflation is below 3.0%, and inflation expectations remain around the Bank's target. The next policy meeting is scheduled for 13 November.
Chile Monetary Policy
Central Bank stays put
October 18, 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
The Chilean government presented the most austere budget proposal in over a decade on 30 September.
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.