He Central Bank of Chile decided unanimously on Friday to maintain the interest rate benchmark at 11.25%, as expected by the market, in line with its strategy to face inflationary pressures.
The rate It has been at that level since October, when the agency reported that it had reached its maximum and would remain unchanged for the “necessary” time.
“The Board considers it appropriate to maintain the TPM at 11.25% until the state of the macroeconomy indicates that the convergence process of the inflation to the goal of 3% has been consolidated,” said a note from the agency.
“Most of the measures of inflation expectations for two years continue to be above 3%,” the note added.
The bank’s inflation target range is between 2 and 4 percent.
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