Economics
Chile Keeps 0.5% Rate With a Quarter of Country in Lockdown
- Decision expected by all 16 analysts in Bloomberg survey
- Short-term CPI forecasts have risen slightly on food costs
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Chile’s central bank held its key interest rate at a record low as expanded lockdowns against the coronavirus deliver a fresh blow to demand and confidence amid a fledgling economic recovery.
The bank’s board, led by its President Mario Marcel, held the overnight rate at 0.5% for the seventh straight meeting on Wednesday, as forecast by analysts. Policy makers also extended a credit facility by six months and expanded it by a further $10 billion.