Economy & Business - January 2011 (ISSN 1741-7430)

CHILE: Central bank holds rates as economy moves up a gear

Southern Cone 04 February 2011 Modified: 04 February 2011 453 views

The central bank raised interest rates in December by 0.25 of a percentage point, against our expectations. The bank signalled in December that it would take pre-emptive action. In was significant, therefore, that the bank chose not to raise rates any further in January.

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