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BIO Magazine - Chile’s Central Bank holds interest rate steady for 19th month Δεκέμβριος 2015
Δεκέμβριος 2015 No38

BIO Finance

Chile’s Central Bank holds interest rate steady for 19th month
Chile’s Central Bank holds interest rate steady for 19th month

Rate stays at 5 percent, which came as no surprise to economists, thanks to ‘dynamic’ domestic market and improved external markets, but cut could be on the horizon.

The Central Bank held its monthly monetary policy meeting Tuesday, announcing Chile’s interest rate will remain at 5 percent, where it has been since a surprise cut in January 2012.

The Central Bank meeting monthly adjourned with the interest rate remaining unchanged. Photo by Evan Lang / The Santiago Times

The bank's report cited a favorable external environment and strong domestic demand as the basis for the decision. 

“Externally, global financial conditions became somewhat more favorable during the last month, including lower credit risk, both sovereign and corporate,” the official report read. “On the local level, incoming information shows a sharper slowdown for output than for demand. Consumption remains dynamic, although confidence surveys foresee a reduced impulse from this variable going forward.


http://www.santiagotimes.cl/business/economy-a-trade/26594-chiles-central-bank-holds-interest-rate-steady-for-19th-month#linktext_

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