Chilean MPC says it will keep stimulus in place

The Central Bank of Chile

The Central Bank of Chile’s monetary policy committee says it will maintain and, if necessary, expand its stimulus package to tackle the effects of Covid-19.

On July 15, the MPC unanimously decided to maintain interest rates at a record low of 0.5%. It will also keep to the rate of asset purchases it announced in previous policy meetings, buying $1.5 billion in assets over the next four weeks.

“The board reiterates that it will maintain a strong monetary impulse for a prolonged period of time

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