Chile continues rate cuts

Central bank lowers policy rate as economy shows signs of slowing

Central Bank of Chile
Central Bank of Chile
Photo: Central Bank of Chile/Flickr

The Central Bank of Chile cut its policy rate for the second consecutive meeting on September 5. The board unanimously voted for a 75 basis point reduction, to 9.5%, following a 100bp cut in late July.

Like other Latin American countries, Chile has begun unwinding rate increases as prices stabilise in the wake of the Covid-19 pandemic and the start of the Ukraine war. Inflation in Chile peaked at 14.1% year on year in August 2022, nearly five times the central bank’s 3% inflation target. In

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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