Tag: Central Bank of Chile

• Wednesday, September 6th 2023 - 10:40 UTC

  Chile's Central Bank lowers interest rate to 9.5%

  

  Chile's Central Bank Council agreed unanimously Tuesday to lower the basic interest rate from 10.25 to 9.5% given the reduction in global inflation, it was reported in Santiago.

• Wednesday, June 21st 2023 - 10:59 UTC

  Chile's Central Bank cuts down growth projections

  

  According to the Chilean Central Bank's new projections, the South American country's economy will grow less than expected this year, it was reported Tuesday in Santiago.

• Wednesday, May 3rd 2023 - 11:23 UTC

  Chile's March economic activity indicator contracts 2,1%, with the largest falls in mining and manufacturing

  

  Chile's monthly economic activity indicator, Imacec, contracted in March 2,1% compared to the same month in 2022, according to the latest report from the country's Central Bank. The indicator is located in the pessimist area of analysts' expectations who were anticipating a drop of minus 1,7% to minus 2%, following the latest reports of industrial production and commerce activity during March. This is also the second-month running contraction and the largest fall since last November when the Chilean economy collapsed minus 3,3%.

• Tuesday, February 14th 2023 - 10:05 UTC

  Chilean Central Bank, “still too early to consider cuts to borrowing costs”

  

  Chile’s annual inflation eased to 12,3% in January, but consumer prices rose well above forecast in the first month of 2023 January as the costs of food and beverages jumped, strengthening the central bank’s argument that it’s still too early to consider cuts to borrowing costs.

• Thursday, October 13th 2022 - 10:18 UTC

  Chile ups TPM to curb inflation

  

  Chile's Central Bank Wednesday announced an increase of 50 basis points to the Monetary Policy Rate (TPM) which has been now set at 11.25% in a unanimous decision by the Board aimed at tackling inflation.

• Tuesday, July 12th 2022 - 13:08 UTC

  Inflation in Chile at record level since June 1994

  

  Inflation in Chile reached 0,9% in June, 7,1% in the first half of the year and 12,5% in the last twelve months, which is the highest since 28 years, in June 1994.

• Friday, May 6th 2022 - 09:45 UTC

  Chile's base rate increased 125 points to 8,25%, highest since September 2008

  

  Private estimates fell short in Chile on Thursday when the Central Bank monetary policy desk announced an increase in the base rate of 125 points, to 8,25%, the highest since September 2008 in an effort to contain the strong sustained inflation. According to the bank's chair, Rosanna Costa the monetary policy desk decision was unanimous.

• Saturday, April 9th 2022 - 08:20 UTC

  Chile's inflation for March above market projections

  

  For a month that began under one president and finished under the new one, Chile's inflation for March of 2022 reached 1.9%, slightly above market projections of up to 1.4%.

• Tuesday, February 8th 2022 - 09:37 UTC

  2021 was a good year for foreign direct investment in Chile, the highest since 2015

  

  Foreign Direct Investment, FDI, in Chile during the twelve months of 2021 reached US$ 16,782 billion, the best amount since 2015, according to the Central bank which added it represented a 95% increase over 2020. Overall it was 62% higher than the average of the last five years, and 16% above the 2003/2021 average.

• Friday, January 28th 2022 - 11:50 UTC

  Chile raises reference rate to 5,5% to combat inflation: More could come

  

  The Chilean central bank hiked its reference rate from 4% to 5,5% to contain inflation which last year reached 7,2%, the highest in fourteen years. The Monetary Policy council of the bank on Wednesday agreed unanimously to increase the reference rate by 150 base points, according to the official release.