The five-member board of the Central Bank of Chile unanimously decided to cut interest rates by 25 basis points to 1.75% after its policy meeting on October 23.

The decision follows weeks of major protests across the country. Starting in October 6, demonstrators protested against higher public transport prices. These gatherings rapidly became violent, damaging public infrastructure and reducing economic activity in the capital Santiago, as well as other major cities. Overall, 20 people have