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Published on Tuesday, July 14, 2015 | Updated on Sunday, July 15, 2018

Chile | The central bank keeps the policy rate on hold at 3%, as expected

The communiqué highlighted a still weak economic activity while annual inflation figures remain above 4% YoY. In this regard, we maintain our expectation that annual inflation will retreat faster than that implicit in market expectations. We do not rule out the discussion of additional monetary stimulus once annual inflation retreats to lower levels during 2H15.

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