Chile Holds Rates on `Feeble' Growth, Above-Target Inflation

  • Key rate kept at 3.5% after December's quarter-point increase
  • Central bank has said it will raise rates gradually this year

Chile’s central bank paused after raising interest rates twice in the previous three months as data confirmed weak economic growth persisted into the last quarter of 2015, even as inflation rose back above the target range.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.