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MercoPress, en Español

Montevideo, May 7th 2025 - 00:10 UTC

Tag: Central Bank of Chile

  • Wednesday, April 30th 2025 - 10:51 UTC

    Chile's Central Bank keeps basic interest rate unchanged

    Chile's Central Bank also foresaw that inflation would “continue at high levels in the immediate future”

    Chile's Central Bank unanimously decided Tuesday to keep the Monetary Policy Rate at 5%, aligning with market expectations. The bank highlighted increased global uncertainty due to U.S. tariffs under Donald Trump and geopolitical conflicts, given “uncertainty about the outlook for the global economy has increased considerably since the previous meeting, particularly following the tariff announcements made by the United States in early April and subsequent developments,” which have negatively impacted perceptions of global growth.

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  • Saturday, March 22nd 2025 - 10:27 UTC

    Chile's Central Bank keeps benchmark interest rate unchanged

    “Uncertainty about the outlook for the global economy has increased significantly since the previous meeting,” the Central Bank panel admitted

    Chile's Central Bank unanimously decided Friday to keep the monetary policy interest rate at 5%, thus responding to market expectations. It was the second consecutive month the rate has been held steady, reflecting caution amid heightened global economic uncertainty driven by geopolitical risks and US tariff announcements under President Donald Trump. These factors have impacted US growth prospects and inflation expectations, prompting the Federal Reserve to pause its rate cuts.

  • Wednesday, January 29th 2025 - 09:56 UTC

    Chile's Central Bank keeps benchmark interest rate at 5%

    In July 2023, the Central Bank's Board made the first cut in the TPM, after stagnating it at 11.25% in December 2022

    Chile's Central Bank Council unanimously voted Tuesday in favor of keeping the monetary policy interest rate (TPM) at 5% for the second month in a row amid high volatility in global financial markets after the recent change of government in the United States. Tuesday's decision halted a downward trend that had been going on for months.

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

    Chile's Central Bank lowers interest rate to 9.5%

    The dollar has strengthened, long-term rates have increased and stock markets have fallen, the Chilean monetary authority said

    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

    Chile's economy will contract or, at best, grow at minimal levels this year

    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

    This is also the second month running economic contraction and the largest fall since last November when the Chilean economy collapsed minus 3,3%.

    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”

    Prices rose 0.8% from the month prior, more than all estimates in a market survey that had a 0.5% median forecast

    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

    The Chilean central bank said foreign investment in the first half of the year reached US$ 9,6bn, which is 17% higher than the average of the last five years

    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

    The recent evolution of inflation and its short-term outlook exceed the forecast in the March Monetary Policy Report

    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.

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