Chile cuts rates for first time this year
Central bank says more easing to come as US tariff threats on copper complicate outlook
The Central Bank of Chile (BCCh) has made its first rate cut in 2025, as the threat of tariffs on the country’s core exports further clouds the economic outlook.
The BCCh’s monetary policy committee yesterday (July 29) reduced its benchmark rate by 25 basis points to 4.75% in a unanimous decision. This ended a prolonged period of holding that began last December.
Annual headline inflation was 4.1% in June, down from 4.4% the previous month though still higher than the bank’s 3% target. The
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