Chile keeps key rates on hold at 3 percent

CHILE - Chile's central bank said on Thursday it had kept key interest rates on hold at an all-time low of 3.00 percent at a meeting of its monetary policy committee.

A Reuters survey of 43 economists and foreign exchange traders had predicted the bank would maintain rates in an effort to protect the peso currency.

In recent days, the peso has fallen close to its historic low of 719 to the dollar because of the global slowdown and worries about market reaction to Brazil's presidential elections