Chile Economists See Key Rate Rising to 5.5% in 11 Months

Chilean economists raised their forecasts for the benchmark interest rate in 11 months to 5.5 percent from the 5 percent estimated a month earlier, according to a central bank survey.

Policy makers will keep the rate unchanged at 5 percent for the third straight month in April, after cutting borrowing costs in January, according to the monthly survey of economists posted on the bank website today.

Consumer prices will rise 0.2 percent this month from March and annual inflation will reach 3.3 percent in 11 months, according to the median forecast of 61 economists.

The economy grew 5 percent in March from the previous year and gross domestic product will expand 4.6 percent in 2012, according to the poll.

To contact the reporter on this story: Randall Woods in Santiago at rwoods13@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

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