US EditionChile Central Bank Cuts Key Rate to 4.5% as Inflation Risks Ease
11 Articles
11 Articles
Chile's Central Bank cuts interest rate to 4.5%
Chile's Central Bank Council voted unanimously on Tuesday to lower the Monetary Policy Rate (TPM) to 4.5% in response to a faster-than-anticipated decline in inflation and a stabilizing global economic outlook after holding rates at 4.75% during its previous session.
It was what the market expected and the Central Bank decided not to surprise. In unanimous decision, the board of the governing body lowered the Monetary Policy Rate (MPR) by 25 basis points and placed it at 4.5%. This is the lowest level since January 2022 when it was placed at 4%. In one of its main messages, the BC notes that “inflation has fallen faster than projected in September, in a local and global economic environment somewhat better t…
In an interview with More than Numbers, we talked with Banco de Chile's chief economist Rodrigo Aravena about the Central Bank's decision to cut the interest rate to 4.5% and the projections that indicate that inflation would reach the target during the first quarter of 2026.
In a new chapter of Economic Agenda, we discussed the Central Bank’s decision to lower the Monetary Policy Rate (MPR) by 25 basis points, leaving it at 4.5%. We also discussed with Sebastián Galarza, Executive Director of the Centre for Sustainable Mobility, on the European Union’s resolution to relax the veto on combustion engines, which has an impact on the future of electric cars.
"Inflation has fallen faster than projected in September, in a local and global economic environment somewhat better than expected," he said in a statement
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
