Rate round-up: Chile ignores global tensions and hikes rates


The Central Bank of Chile on Thursday raised its benchmark interest rate by 50 basis points to 2%.

The central bank said it decided to raise its interest rate despite increased uncertainty over the pace of the world recovery and high financial market volatility. The central bank said commodity prices were still "elevated" but that the external scenario facing the Chilean economy continued to be "favourable". The central bank also said it would continue to reduce the current significant monetary

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