SANTIAGO – Chile’s central bank has lowered its benchmark interest rate 25 basis points to 3.0 per cent as inflation continues to decelerate.
“The Board estimates that, if the recent trends of the economic scenario persist, and so do their implications on the medium-term inflation outlook, it could be necessary to increase the monetary impulse,” the central bank said in a statement.
The move comes as per expectations of economists who believe it could further reduce borrowing costs.
However, the unemployment rate remains stable.
