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Chile’s Central Bank forecasts easing inflationary pressures

Chile's central bank said its medium-term inflation outlook is improving, and the interest rate has risen to the level needed to bring consumer prices down to target over the two-year horizon.

Policymakers discussed a rate hike of 25 or 50 basis points at their October 12 meeting, when they raised borrowing costs by half a percentage point to 11.25%.

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