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.
In 35 seconds
- Chile's Central Bank unanimously kept the policy rate at 4.5% at its October meeting.
- The Council said inflation risks have increased significantly due to energy and food prices.
- International oil rose about 25% since September and annual inflation reached 4.1% that month.
IASummary generated by artificial intelligence from a story by BioBioChile. It may contain errors: the original source prevails.




Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.