Interest rates in Chile were left unchanged at 3% last night but the accompanying statement revealed a subtle shift in tone from the central bank, which now seems to think that inflation is likely to take longer to return to target than it previously believed. Even so, we doubt that this signals that policy tightening is imminent. We still think that interest rates are likely to remain on hold throughout this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services