Chile's Central Bank Cuts Key Interest Rate to Support Economic Growth Amid Inflation Concerns

On October 18, 2024, Chile's central bank reduced its key interest rate by a quarter-point for the second consecutive meeting, bringing the rate down to 5.25%. This decision aligns with expectations from analysts surveyed by Bloomberg. The bank's move aims to bolster economic growth while managing inflationary pressures, with rates having decreased significantly from 11.25% in mid-2023.

Read more news on this topic:

European Central Bank Cuts Interest Rates Amid Economic Stagnation

New Zealand Central Bank Cuts Cash Rate to Stimulate Economic Activity Amid Low Inflation

Germany Faces Economic Weakness as Central Bank Cautiously Plans Rate Cuts

Did you find an error or inaccuracy?

We will consider your comments as soon as possible.