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LatinNews Daily - 10 September 2025
In brief: Chile’s central bank holds interest rate
*Chile’s central bank (BCCh) has announced it is holding its benchmark interest rate at 4.75%. The decision, which was unanimous among the BCCh board members, comes after the bank delivered its first rate cut of the year in July, lowering the interest rate by 25 basis points. In a statement, the BCCh said that while headline inflation continued to decrease in June, core inflation was higher than expected. Monthly inflation stood at 0.9% in July, with annual inflation at 4.3%. Both rates slowed in August, standing at 0.0% and 4.0% respectively. “In the current conditions, the risk of greater inflation persistence calls for gathering more information before continuing the process of leading the monetary policy rate to converge to its neutral range,” stated the board members.
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- In brief: Chile’s central bank holds interest rate