Central Bank of Chile holds rates as currency appreciates

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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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