No menu items!

Chile Central Bank decides largest interest rate hike in 20 years due to inflationary pressures

RIO DE JANEIRO, BRAZIL - On Wednesday (13), the Central Bank of Chile announced an increase in its benchmark interest rate to 2.75% per annum, the most significant increase in 20 years, in the context of inflationary pressures.

Amid a "marked and systematic" deterioration of the financial markets, the monetary authority raised the interest rate 125 basis points from 1.50% to 2.75%, in the face of a "macroeconomic scenario that has increased the risks for the convergence of inflation to the (official) target of 3%", indicated a communiqué from the Central Bank's Board, whose five members unanimously . . .

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

Check out our other content