Chile's central bank reduces interest rates by 75 basis points to 6.5%, cautiously addressing inflation risks.

Chile's central bank slowed the pace of interest rate cuts, reducing borrowing rates by 75 basis points to 6.5%, as it cautiously addresses inflation risks from stronger economic activity and a weaker peso. The economy has picked up after barely growing in 2023 due to restrictive rates and political uncertainty. The central bank attributes the faster inflation at the start of 2024 to a weaker peso, global cost increases, and some local price adjustments.

April 02, 2024
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