Chile’s central bank flags biggest rate hike in 20 years


The Central Bank of Chile yesterday announced a hike in its benchmark rate from 1.50% to 2.75%, the biggest hike in 20 years as the country grapples with inflationary pressures. – EPA pic, October 14, 2021.

THE Central Bank of Chile yesterday announced a hike in its benchmark rate from 1.50% to 2.75%, the biggest hike in 20 years as the country grapples with inflationary pressures. 

The bank raised the interest rate by 125 basis points in the face of a “macroeconomic scenario, which increased the risks concerning the (official) objective of inflation at 3%,” the bank said in a statement. 


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