The Central Bank of Chile left its benchmark interest rate steady at 3.25 percent at its November 2015 meeting as widely expected, following a 25bps hike last month. Policymakers suggested further tightening is likely in the future, aiming to bring the inflation back to the 3 percent target.
In October, the inflation rate came in at 4 percent, slowing from 4.6 percent in September but higher than expected. In the third quarter, the economic activity and demand were in line with expectations while confidence indexes improved slightly, poliymakers added. Yet, the economic activity indictor IMACEC rose 2.6 percent year-on-year in September, up from 1.1 percent in August and better than expected.
11/12/2015 9:27:18 PM