Chile holds rates amid upcoming surge in fuel prices
Measure by new government will allow fuel prices to jump on March 26
The Central Bank of Chile (BCCh) has kept its policy rate at 4.5% amid an anticipated surge in domestic fuel prices.
In a statement after the decision on March 24, the BCCh said the conflict in the Middle East has roiled international markets, with higher nominal interest rates, falling stock markets and currencies depreciating against the dollar. “The local financial market has mirrored global trends,” the bank said. “The stock market is receding, the peso has depreciated and both short and
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