Chile holds rates at 4.5%
BCCh in no rush to cut but says inflation likely to undershoot previous forecast in short term
The Central Bank of Chile (BCCh) on January 27 unanimously voted to hold its policy rate at 4.5%.
In a statement, the bank said a scenario of “greater momentum” had been “taking shape” externally. Growth in the US, it said, was slightly higher than market projections. The bank noted the price of copper – Chile’s main export – had increased compared with the previous meeting.
“However, the combination of geopolitical, fiscal and financial factors deepens the risks to the global macroeconomic
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