{"id":24488,"date":"2011-10-16T17:03:34","date_gmt":"2011-10-16T21:03:34","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/10\/16\/banco-central-de-chile-keeps-interest-rate-at-5-25\/"},"modified":"2011-10-16T17:03:34","modified_gmt":"2011-10-16T21:03:34","slug":"banco-central-de-chile-keeps-interest-rate-at-5-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/10\/16\/banco-central-de-chile-keeps-interest-rate-at-5-25\/","title":{"rendered":"Banco Central de Chile Keeps Interest Rate at 5.25%"},"content":{"rendered":"

The Banco Central de Chile<\/a> kept its monetary policy interest rate steady at 5.25%.  The Bank noted: “Domestically, output and demand show signs of moderation. In the case of output<\/a>, the slowdown is more pronounced than was assumed in the Monetary Policy Report’s baseline scenario; the opposite occurs with demand. Labor market conditions remain tight. CPI inflation rates have hovered around 3% y-o-y, while core inflation measures remain contained. Inflation expectations are close to the target. “<\/span><\/span><\/span>
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<\/a><\/a>Chile’s central bank previously also kept the monetary policy interest <\/span><\/span>rate unchanged<\/a> at 5.25% at its September meeting.  The Bank last raised its <\/span><\/span>monetary policy<\/a> interest rate by 25 basis points to 5.25% at its June meeting this year.  Chile reported annual consumer price inflation<\/a> of 3.3% in September, compared to 3.2% in August, 2.9% in July, 3.4% in June, 3.3% in May and 3.2% in April this year; within the Bank’s inflation target of 2-4%.  <\/span><\/span><\/span><\/span><\/p>\n


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The Chilean economy<\/a> grew 8.4% in the first half of 2011, driven by strong domestic demand; full year GDP growth is expected around 6.5%, while inflation is seen around 4% by the end of the year.  The Chilean Peso (CLP) has weakened about 9% against the US dollar so far this year, while the USDCLP exchange rate last traded around 499.<\/span><\/span>
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www.CentralBankNews.info<\/a><\/span><\/span><\/span><\/div>\n<\/div>\n<\/div>\n
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The Banco Central de Chile kept its monetary policy interest rate steady at 5.25%.  The Bank noted: “Domestically, output and demand show signs of moderation. In the case of output, the slowdown is more pronounced than was assumed in the Monetary Policy Report’s baseline scenario; the opposite occurs with demand. Labor market conditions remain tight. CPI inflation … <\/p>\n

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