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  HOME | Chile

Chile Central Bank Does Not Foresee "Increased Monetary Stimulus"

SANTIAGO -- Chile Central Bank President Rodrigo Vergara said that he does not see “any space for increased monetary stimulus in the near future.”

Speaking at a conference in Santiago, Vergara said that inflation has been higher than expected, largely due to peso weakness, and it will take longer to fall to 3.0%.

He said that economic activity and demand are still showing moderate growth but higher than in previous months.

Chile's Central Bank will hold their next monetary policy meeting on March 19 and analysts think that the central bank will leave the overnight rate unchanged at 3.0% with a neutral bias.


 

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