Chile

Chile surprises with one-point cut

The Central Bank of Chile surprised observers and markets with the size of the reduction in borrowing costs as data revealed that inflation plunged almost two percentage points in December.

Chile's rate meeting - minutes

Central Bank of Chile's board members decided unanimously to keep the policy rate unchanged at 8.25% for a second month on expectations that slowing global economic growth may put the brakes on domestic inflation, the minutes of the November meeting show.

Chile lifts rates to ten-year high

The Central Bank of Chile raised its key rate by half a point for the fourth straight month to 8.25%, its highest level since November 1998.

Errors in inflation forecasts

A new paper from the Central Bank of Chile assesses inflation forecasts from the Survey of Professional Forecasters for forecast errors for the period 2000 to 2008.

BIS starts Americas council

The Bank for International Settlements (BIS) has established a forum aimed at facilitating debate between the Basel-based institution and policymakers in the Americas.

De Gregorio set to become Chilean governor

Jose de Gregorio, the deputy governor of the Central Bank of Chile will take over from Vittorio Corbio as governor of the central bank later this week, Michelle Bachelet, Chile's president, announced on Monday.

Chile holds rates at 5.75%

The Central Bank of Chile's rate-setting board voted on Tuesday to keep its monetary policy interest rate at 5.75% despite CPI inflation of more than 6%.

Colombia will benefit from free trade with US

Juan Mauricio Ramirez, a vice president of the Private Council of Competitiveness and a former head of the inflation and macroeconomic programming department at the Banco de la Republica, takes issue with Joseph Stiglitz's views on the proposed Free…

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