Chile holds rates for fifth time amid Iran war escalation
Policy-makers inject caution into statement as conflict intensifies, analysts say
The Central Bank of Chile (BCCh) has held its benchmark interest rate at 4.5% for the fifth consecutive meeting in a unanimous vote.
In a statement on July 28, the bank’s board said the “macroeconomic scenario remains subject to a higher-than-usual degree of uncertainty, particularly given the resurgence of risks associated with the ongoing conflict in the Middle East”. It added that it would need to “continuously assess alternative scenarios” in which differing inflation trajectories could
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