No menu items!

Chile’s central bank considered raising key rate by 150 basis points at last meeting

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."

Read also: Check out our coverage on Chile

The central bank quickly rejected a 100 basis . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content