RIO DE JANEIRO, BRAZIL - Chile's central bank considered raising its key rate by 150 basis points earlier this month amid stronger-than-expected consumer spending before opting for a 125-point increase so as not to surprise the market, according to meeting minutes.
"The decision at this meeting had important tactical and communicational components," monetary policymakers said. "The increase determined on this occasion could set the pace of future increases."
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The central bank quickly rejected a 100 basis . . .
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