Chile holds rates at 5% again
Inflation slows and growth exceeds expectations, though war in Middle East adds uncertainty, BCCh says
The Central Bank of Chile (BCCh) has again maintained its policy rate at 5% after the economy recorded strong growth at the start of the year.
In a statement yesterday (June 17), the BCCh’s board noted that Chile’s economy had grown by more than expected in the first quarter. The country’s quarter-to-quarter GDP growth was 0.7% in that period, according to data from the central bank.
The board said the surge in activity had been “driven by export-related sectors”. It added that consumption had
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