Chile's Central Bank holds rate at 4.5% and warns of greater inflation risks
Chile's Central Bank Council unanimously decided to keep the Monetary Policy Rate at 4.5% at its October meeting. The institution warned that inflation risks have increased significantly due to higher energy and food prices, amid geopolitical tensions in the Middle East and an unusually intense El Niño phenomenon. International oil prices rose about 25% since September and annual inflation reached 4.1% that month. The August Imacec fell 1% year-on-year, mainly due to mining.













