Make Kitco Your Homepage

Chile central bank says holds benchmark interest rate steady at 2.5 pct

Kitco News

SANTIAGO, Nov 14 (Reuters) - Chile's central bank kept its benchmark interest rate unchanged at 2.5 percent at its monthly policy meeting on Tuesday, in line with market expectations, but left open the possibility for increased stimulus should inflation lag behind its target rate.

Inflation in the past 12 months in Chile was 1.9 percent, slightly below the central bank's target of 2 percent to 4 percent, and has risen more slowly than anticipated in recent months.

(Reporting by Dave Sherwood; Editing by Peter Cooney)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News

Gold & Silver Buffalo Coins