Chile cuts rates to record low 0.5%

Central Bank of Chile
Photo: Central Bank of Chile/Wikimedia Commons

The Central Bank of Chile cut interest rates to record-low levels on March 31 and expanded asset purchases in a bid to support the economy during the Covid-19 crisis.

The institution’s board unanimously decided to lower the monetary policy rate by 50 basis points to 0.5%, “its technical minimum”. Additionally, rate-setters announced a $4 billion increase in banking bond purchases, which they will amount to $5.5 billion. It also removed maturity constraints from these operations.

“The sudden

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.