LatinNews Daily - 30 July 2025

*Chile’s central bank (BCCh) has reduced its benchmark interest rate by 25 basis points to 4.75%, representing the first interest rate cut of the year. The decision was made unanimously by the BCCh board members. In a statement, the BCCh noted that Chile registered monthly deflation in June of 0.4%, bringing the annual rate down to 4.1%, which it said was lower than expected. The BCCh said it expected inflation to converge to its 3% target in two years’ time. It added that economic activity had evolved in line with what was forecast in its previous monetary policy meeting.

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