LatinNews Daily - 31 July 2023

In brief: Chile lowers interest rates

* Chile’s central bank (BCCh) has announced it is reducing its benchmark interest rate by 100 basis points to 10.25%. The rate had been maintained at 11.25% since October. In a statement, BCCh noted that inflation was continuing to decline globally, while both core and headline inflation in Chile had declined more quickly than expected last month. Annual headline inflation in Chile stood at 7.6% in June, while core inflation stood at 9.1%.

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