Global EconomyIMPORTANT
Chile Central Bank maintains benchmark rate at 4.5%, as expected, with the decision unanimous, while it stated that the macroeconomic scenario remains subject to a higher than usual degree of uncertainty
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Chile's Central Bank held its rate at 4.5% amid high uncertainty from the Iran conflict and copper volatility, maintaining a meeting-by-meeting approach to hit its 3% inflation target.
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Says: Board reaffirms it will make every decision necessary to meet its objective of ensuring the projected inflation stands at 3% over a two-year horizon. Future path of interest rates will be assessed on a meeting-by-meeting basis.
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