Chile's Central Bank President confirms plans to extend rate-cutting cycle despite global risks.
Chile's Central Bank President Rosanna Costa confirms their plans to extend the country's rate-cutting cycle, despite global risks. The bank has lowered borrowing costs by 475 basis points since July, currently at 6.5%. Costa states that Chile is better prepared for external shocks than in the past, and future rate cuts will be made cautiously, considering macroeconomic developments.
April 20, 2024
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