Chilean central bank hikes rates

The board of the Central Bank of Chile increased interest rates by 25 basis points to 3% on January 30, it announced, saying the move was in response to higher credit growth.

The decision followed the US Federal Reserve’s announcement earlier that day of a more accommodative monetary policy in the months to come. The Fed removed the references to gradual rate increases from its policy statement for the first time since 2015.

Usually, Latin American central banks are prone to follow the Fed’s