Chile holds rates at 5.75%

The Central Bank of Chile's policy board voted to keep its benchmark rate at 5.75% despite mounting concern over rising inflation.

The majority of economists expected the rate hold after three rate hikes in a row, but a significant minority thought the central bank would raise rates to 6%.

Annual CPI inflation has risen to over 5% and, according to the central bank, is likely surpass estimates in the last monetary policy report over the coming months.

On Thursday, the central bank said: "The

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