US EditionChile Holds Rates as Oil Surge Mars Inflation Outlook
Central Bank raises 2026 inflation forecast to 4% citing fuel price surge from Middle East conflict while keeping interest rate at 4.5%, affecting transport sectors.
5 Articles
5 Articles
The price of gasoline and diesel could skyrocket up to 54% on Thursday, after the government temporarily relaxed its fuel stabilization mechanism
The Central Bank of Chile decided on Tuesday to maintain its benchmark interest rate at 4.5%, as expected by the market, amid the impact that the conflict in the Middle East has had on the global economy. The decision adopted on the Monetary Policy Rate (MPR) was unanimous, the bank said in a statement. The governing institute has maintained the benchmark rate at 4.5% since December and both analysts and operators surveyed by the bank expected i…
The Central Bank decided to maintain the interest rate at 4.5% at its last monetary policy meeting. In the same sense, the entity warned that annual inflation could reach 4% during the second quarter of this year, due to the crisis in the Middle East. “In February, the annual variation of the total CPI was 2.4%, accounting for a slightly higher reduction in inflation than expected in the December IPoM. The underlying inflation — non-volatile CPI…
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