Chile resumes rate cuts following unanimous vote
Central bank announces 25bp reduction amid weak consumption and moderate inflation
The Central Bank of Chile (BCCh) resumed its easing cycle on September 3 by cutting its policy rate to 5.5% in a unanimous decision.
The central bank had, since July 2023, been gradually bringing the rate down from the high point of 11.25%. However, at the last policy meeting, on July 31, it held the rate at 5.75%.
The BCCh said in a statement that it was cutting rates again in response to weak economic activity domestically and a return to stability internationally.
The bank said Chile’s
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