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.