Chile holds policy, pointing to rising risks from Iran war
BCCh says rate path will be considered meeting by meeting, given ‘greater than usual’ uncertainty
The Central Bank of Chile (BCCh) has held its benchmark interest rate at 4.5% for the third consecutive meeting in a unanimous decision.
In a statement on April 28, the bank said the global economy continued to be marked by uncertainty as a result of the conflict in the Middle East. “While oil futures contracts continue to point to a decline, the prolonged conflict increases the risk that prices will remain high,” the bank said. The prospect of higher inflation had “intensified caution among
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