Skip to main content

Chilean MPC abandons easing plans amid political unrest

Currency fell sharply in November following prolonged street protests

Central Bank of Chile

The Central Bank of Chile’s board said it intends to keep rates unchanged in the months to come, abandoning its previous plans to continue cutting rates, as political turmoil drove the currency down on foreign exchange markets.

The board’s effective U-turn, as it held its policy rate at 1.75% on December 4, came after sustained civil unrest in Chile caused the country’s currency to fall sharply.  

In its statement, the board argued inflation is now expected to rise above its target of 3%

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.