Economics

Chile Holds Key Rate at 3% Amid Slow Inflation and Growth Doubts

  • Decision expected by all 21 analysts in Bloomberg survey
  • Traders see consumer prices shy of the target in 24 months
Central Bank of Chile Governor Mario MarcelPhotographer: David Paul Morris/Bloomberg
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Chile kept its benchmark interest rate unchanged as weaker-than-expected activity and subdued inflation temper pressure to lift borrowing costs.