The Central Bank of Chile (BCCh) has held its benchmark interest rate at 4.5% for the sixth consecutive meeting in a unanimous vote.

In a statement on September 8, the bank’s board said the economy faced a higher-than-usual degree of uncertainty. “On the one hand, the risks associated with the conflict in the Middle East remain present and have even intensified recently,” the board said. “On the other hand, although the domestic economy is expected to regain momentum toward 2027, it cannot be