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Economy & Business - October 2007 (ISSN 1741-4431)

CHILE: Central bank holds rates

The Banco Central de Chile held interest rates at 5.75% at it monthly meeting on 11 October, despite a surge in inflation in September. The bank said that it was doing this because it believed the dollar was weakening and the international liquidity crisis was easing. At its previous meeting, in mid-September, the bank raised rates by 0.25%. 

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