Chile cuts rates again on lower inflation forecasts

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The Central Bank of Chile

The Central Bank of Chile has again reduced interest rates, citing lower inflation and growth forecasts after its monetary policy meeting on September 3.

The board unanimously decided to cut the policy rate by 50 basis points to 2% and said more stimulus may be necessary. This follows the 50bp rate cut implemented on June 7.

Rate-setters highlighted “the economy’s performance of the second quarter, and its outlook indicate that inflation will take longer to converge to the target, calling for

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