Chile | Central bank kept policy rate at 3.5% as widely expected
Published on Wednesday, May 18, 2016 | Updated on Sunday, July 15, 2018
Chile | Central bank kept policy rate at 3.5% as widely expected
Summary
Central bank kept the policy rate unchanged at 3.50% and maintained the tone for gradual monetary normalisation. Domestically, the Board stressed that economic activity is expanding slowly while on the external front the communiqué reinforces concerns over external risks. We expect the Board is paving the way to validate a neutral bias for policy rates in coming months.
Geographies
- Geography Tags
- Latin America
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Aníbal Antonio Alarcón
Cristóbal Gamboni
Hermann Esteban González
Jorge Selaive
Fernando Soto
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