Chile: Central Bank stays put
March 15, 2012
The Central Bank left the policy rate unchanged at 5.00% at its 15 March policy meeting, following a similar move in February. The decision was widely expected by the market, as strong domestic demand gives the Bank room to take a precautionary halt to monitor the evolution of the European debt crisis. The Bank noted that economic activity has outperformed the forecasts set out in its latest Monetary Policy Report. In addition, the Bank stated that ?short term inflation expectations have risen, but remain around the target over the projection horizon.? The next policy meeting is scheduled for 17 April.