Inflation & Prices
Chile’s Central Bank Says Local Inflation Woes Remain Unresolved
- Policymakers release minutes of May 12 interest rate meeting
- Investors looking for clues regarding start of easing cycle
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Chile’s central bank said there’s no evidence that the domestic inflation slowdown had been consolidated, even as headline consumer price and consumption readings head in the right direction.
The only plausible monetary policy option was to keep rates unchanged at an over two-decade high of 11.25%, central bankers wrote in the minutes to their May 12 decision. The risks associated with scenarios of higher inflationary pressures were “particularly complex and costly,” they wrote.