*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, marks the second consecutive decision to keep the interest rate unchanged. In a statement, the BCCh said that both the annual headline and core inflation rates in September, at 4.4% and 3.9% respectively, were in line with its forecasts. However, it stated that the current scenario “still poses risks for the future trajectory of inflation”, saying this warranted the gathering of more information before continuing the rate cutting cycle.
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