Peru, Chile Likely to Hold Rates Steady Amid Sustained Growth

Chile and Peru probably will decline to follow Brazil’s lead in cutting interest rates today as sustained economic growth and slowing inflation in each country give central bankers little reason to alter monetary policy.

Policy makers in Chile will keep borrowing costs at 5 percent for the sixth straight month, while their counterparts in Peru will keep their overnight rate at 4.25 percent for a 14th straight meeting, according to the median estimates in Bloomberg surveys of economists.