Chile and Peru cut key rates by 25bp citing 'low dynamism'

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The Central Bank of Chile

The central banks in Chile and Peru both cut their key interest rates by 25 basis points yesterday, to 3.25% and 3.5% respectively.

This is the fifth time this year the Central Bank of Chile has lowered its monetary policy interest rate, out of concern over the "low dynamism" of the economy.

Chilean annual CPI inflation remained at 4.5% in August and, according to the central bank's latest monetary policy report, will stay around that level for the remainder of the year, before converging to 3%

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