Chile continues lowering rates, despite weakening peso

Central bank also halts reserves accumulation, citing market turmoil

Central Bank of Chile board
The Central Bank of Chile's five-member board

The Central Bank of Chile (BCCh) continued loosening its monetary policy yesterday (October 26) with its third consecutive rate cut. Its board unanimously agreed to a 50 basis point reduction, bringing the policy rate to 9%.

The board also suspended the programme to rebuild the central bank’s international reserves, which began in June, due to market instability.

Since July, the central bank has lowered its monetary policy rate by 225bp. Yesterday’s cut was smaller than those in July and

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