• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Chile's central bank holds benchmark interest rate at 4.5%

FinanceInternationalPrensa Latina30 s readAI summary
Image: Prensa Latina

Chile's central bank decided at its monthly monetary policy meeting to keep the interest rate at 4.5 percentage points, the issuer said. The institution cited external and internal pressures: geopolitical tensions in the Middle East, a 15% rise in the Brent barrel price, the effects of the El Niño phenomenon on food prices and pressures on energy, transport and fertilizer costs. Domestically it mentioned the stock market decline, the peso's depreciation and higher long-term rates.

In 30 seconds

  • Chile's central bank kept the interest rate at 4.5 percentage points.
  • The issuer attributed the decision to external and internal pressures.
  • The Brent barrel price rose 15% compared with the September meeting.
Read the full story at Prensa Latina

IASummary generated by artificial intelligence from a story by Prensa Latina. It may contain errors: the original source prevails.

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