Chile holds rates for fourth time in a row
Policy-makers say balance of risks to inflation is shifting towards equilibrium
The Central Bank of Chile (BCCh) has held its benchmark interest rate at 4.5% for the fourth consecutive meeting in a unanimous vote.
In a statement on June 16, the board said the balance of risks to inflation had been “shifting gradually toward equilibrium”. However, uncertainty remained high because the conflict in the Middle East had “not been definitively resolved” and global oil supplies had not yet normalised.
On June 14, US president Donald Trump announced a deal with Iran for a 60-day
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