Chile Central Bank Cuts Key Rate to 4.5% as Inflation Risks Ease
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Central Bank of Chile in Santiago.Chile’s central bank cut its key interest rate by a quarter point for the second time this year, pushing it back into the neutral range, as inflation edges back toward the target.Board members led by Rosanna Costa lowered borrowing costs to 4.5% late Tuesday, as expected by all but one of the 21 economists surveyed by Bloomberg. The odd one out had forecast no change. Policymakers last reduced rates by 25 basis points in July.