MercoPress, en Español

Montevideo, November 5th 2024 - 10:27 UTC

Tag: Monetary Policy Report (IPoM)

  • Wednesday, June 19th 2024 - 19:26 UTC

    Hike in electricity bills burdening Chile's inflation policy

    Chile needed not to repeat Argentina's disproportionate fare increases, Ramos explained

    A recent increase in electricity bills has Chile's Central Bank needing to postpone getting the South American country's inflation under control, according to the Monetary Policy Report (IPoM) for June 2024 released Wednesday.

  • Friday, May 24th 2024 - 21:21 UTC

    Chile's Central Bank lowers monetary policy interest rates

    The latest measures will take time to impact Chile's economy since mortgages will remain under previous, higher rates

    Chile's Central Bank decided to lower the monetary policy interest rate (TPM) from 6.5 to 6% and forecast additional cutbacks in the coming months. “Inflation has continued to decline, although at a moderate pace due to the high persistence of the services components,” the Central Bank's Board argued in its unanimous rationale given the annual price index 3.5% variation amid a downward trend.