Chile surprises with decision to hike rates to 6%

The Central Bank of Chile's rate-setting board voted to raise the monetary policy interest rate unexpectedly by 25 basis points to 6% on Thursday.

The surprise hike indicates that costs are accelerating at a faster pace than the central bank had previously predicted.

The central bank said the hike was needed to reduce the risks of current high inflation to costs and expectations so as to ensure that annual inflation will hit 3% in the medium-term.

Annual CPI inflation continued to rise and no

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: