Central Banks
Chile Maps Out Interest Rate Cuts to 8% This Year After Paring Easing
- Cut of 75 points to 9.5% seen by 13 of 22 analysts in survey
- Annual inflation estimated to hit 3% target within two years
Rosanna Costa, president and governor of Central Bank of Chile.
Photographer: Tamara Merino/BloombergThis article is for subscribers only.
Chile’s central bank slowed the pace of its easing cycle with an interest rate cut of 75 basis points and signaled that future reductions will likely continue at that pace as inflation heads toward target.
Policymakers led by Rosanna Costa voted unanimously to cut borrowing costs to 9.5% late on Tuesday, as expected by 13 of 22 analysts in a Bloomberg survey. The nine others forecast a second straight cut of 100 basis points.