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Published on Thursday, November 12, 2015 | Updated on Sunday, July 15, 2018

Chile | Central bank keeps policy rate unchanged

The CB kept the policy rate unchanged at 3.25% and maintained the hawkish tone. The communiqué showed that the pace of normalisation will be data dependent and highlighted that aggregate activity and demand had evolved in line with the board’s baseline scenario. All in all, we still believe that the policy normalisation will be no more than another 25bp increase in rates.