The Central Bank of Chile kept its benchmark interest rate on hold at 11.25% in its January meeting, as expected, by keeping borrowing costs at the highest since November 1998. The board noted that world inflation has declined, mainly due to a reduction in energy prices. Still, it is high and inflationary pressures remain significant. Also, the annual inflation stood at 12.8% in December, the highest level since 1991, while showing a slowdown in December compared to the previous month. The board said, "Inflation remains very high and its convergence to the 3% target is still subject to risks," as such they maintain the rate until convergence to the target interest rate has been consolidated. source: Banco Central de Chile
Interest Rate in Chile averaged 4.47 percent from 1995 until 2023, reaching an all time high of 14 percent in September of 1998 and a record low of 0.50 percent in July of 2009. This page provides - Chile Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Interest Rate in Chile is expected to be 11.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.