Chile’s central bank lowered its benchmark interest rate to 9.5% from 10.25%

Banco Central de Chile with a 75bp rate cut.

  • a 100 bp cut was the consensus expected
  • cites falling inflation, was 6.5% in July, down from 7.6% in June (peaked just over 14% in August 2022) …
  • “The macroeconomic scenario has evolved as anticipated,
    projecting that inflation will converge to the 3% target in the
    second part of 2024”

This article was written by Eamonn Sheridan at Source