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Published 27 days ago

Central Bank reduces interest rate to its lowest level in two years, and economists predict smaller cuts and even pauses in the coming months - La Tercera.

Summary by La Tercera
Interest rate cut lighter than in previous months but in line with what the market expected, unanimously decided to reduce the Monetary Policy Rate (MPR) by 50 basis points, bringing it to 6%, its lowest level since March 2022. In its main message, the ruling body indicated that "accumulated inflation in March and April was in line with what was expected in the last Ipom. Therefore, it stated that "the annual variation of the IPC in its referenc…

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