Inflation too low for rate rise says Chile's Corbo

Chilean central bank president Vittorio Corbo has said that the nation's inflation rate is too low to warrant a hike in the bank's benchmark lending rate.

Corbo said in an interview with Bloomberg News in London that the bank will only raise interest rates when there's a risk that the annual inflation rate rises above 3 percent.

``That's not a problem today,'' said the 61-year-old central banker, according to Bloomberg News.

``We don't know when the moment will be that we'll begin to reduce t