Central Bank of Chile holds rates as currency appreciates


The Central Bank of Chile announced on August 16 that the board had decided to leave the monetary policy interest rate at 5%. It has been on hold since being lowered to the current rate in January.

Domestically, the board mentioned the appreciation of the Chilean currency, the peso – the first time it has been mentioned in this type of document since the introduction of a "foreign currency purchase programme", the impact of which was noted in the monetary policy decision statement in January

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