Chile Interest Rate 1995-2015 | Data | Chart | Calendar | Forecast | News

The benchmark interest rate in Chile was last recorded at 3 percent. Interest Rate in Chile averaged 4.86 percent from 1995 until 2015, reaching an all time high of 14 percent in September of 1998 and a record low of 0.50 percent in July of 2009. Interest Rate in Chile is reported by the Banco Central de Chile.

Chile Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 14.00 0.50 1995 - 2015 percent Daily
In Chile, interest rate decisions are taken by The Central Bank of Chile (Banko Central de Chile). The official interest rate is monetary policy interest rate (PDBC Pagarés Descontables del Banco Central) which is overnight interbank interest rate. This page provides - Chile Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Chile Interest Rate - was last refreshed on Tuesday, August 4, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-14 10:00 PM 3% 3% 3% 3%
2015-06-11 10:00 PM 3% 3% 3% 3%
2015-07-14 10:00 PM 3% 3% 3% 3%
2015-08-13 10:00 PM 3% 2.9989%
2015-09-11 11:00 PM 2.9989%
2015-10-16 10:00 PM 2.9982%


Chile Leaves Key Rate Steady


The Central Bnak of Chile left its monetary policy interest rate unchanged at 3 percent at its July meeting. The decision was widely expected by market.

Statement by the Central Bank of Chile:

Internationally, the biggest news has been the volatility of financial markets, associated to developments in Greece and China, which has tended to moderate most recently. In this context, after a significant drop during the month, the prices of the risker assets showed a substantial recovery in recent days. The dollar appreciated around the world. The prices of commodities, particularly copper and oil, declined.

Domestically, in June the CPI rose more than expected and in annual terms surpassed the 4% mark again. One year ahead, market expectations increased, but two years ahead they remained unchanged. The evolution of inflation will continue to be monitored with special attention. Meanwhile, output and demand have been weaker than assumed in the Monetary Policy Report’s baseline scenario, and private growth expectations have dropped for this and next year. Confidence indicators have not recovered. In the labor market, job creation remains bounded and nominal wages have decelerated. At the same time, the peso has depreciated. 

The Board reiterates its commitment to conduct monetary policy with flexibility, so that projected inflation stands at 3% over the policy horizon. Any future changes in the monetary policy rate will depend on the implications of domestic and external macroeconomic conditions on the inflationary outlook.


Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/14/2015 10:19:00 PM


Recent Releases

Chile Leaves Key Rate Steady
The Central Bank of Chile left its monetary policy interest rate unchanged at 3 percent at its May meeting. The decision was widely expected by markets.
Published on 2015-05-14

Chile Leaves Monetary Policy Unchanged
The Central Bnak of Chile left its monetary policy interest rate unchanged at 3 percent at its April meeting. The decision was widely expected by markets.
Published on 2015-04-16

Chile Leaves Rates on Hold
The Central Bank of Chile kept its monetary policy interest rate at 3 percent, as widely expected, on March 19th, for the fifth consecutive month.
Published on 2015-03-19

Chile Leaves Monetary Policy Unchanged
The Central Bank of Chile left the main interest rate on hold at 3 percent at its February 12th meeting, as widely expected, citing concerns about inflationary pressures and slow growth.
Published on 2015-02-13


Chile Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 14.00 0.50 percent [+]
Interbank Rate 3.00 3.00 30.79 0.41 percent [+]
Money Supply M1 26539.24 26074.94 26539.24 81.57 CLP Billion [+]
Money Supply M2 92685.09 91560.14 92685.09 753.65 CLP Billion [+]
Money Supply M3 161210.52 159141.30 161210.52 1231.77 CLP Billion [+]
Foreign Exchange Reserves 38179.30 38723.00 42302.70 1998.90 USD Million [+]
Loans to Private Sector 78120.00 77023.00 78120.00 15521.00 CLP Billion [+]
Banks Balance Sheet 98437.00 96864.00 98437.00 19122.00 CLP Million [+]
Central Bank Balance Sheet 23150.00 23291.00 24082.00 10730.92 CLP Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Aug/15 2.00 17.50 2.00 percent [+]
Brazil 14.25 Jul/15 13.75 45.00 7.25 percent [+]
Canada 0.50 Jul/15 0.75 16.00 0.25 percent [+]
China 4.85 Jun/15 5.10 10.98 4.85 percent [+]
Euro Area 0.05 Jul/15 0.05 4.75 0.05 percent [+]
India 7.25 Aug/15 7.25 14.50 4.25 percent [+]
Indonesia 7.50 Jul/15 7.50 12.75 5.75 percent [+]
Japan 0.00 Jul/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jul/15 3.00 9.25 3.00 percent [+]
Russia 11.00 Jul/15 11.50 17.00 5.00 percent [+]
South Korea 1.50 Jul/15 1.50 5.25 1.50 percent [+]
Switzerland -0.75 Jun/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Jul/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Jul/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jul/15 0.25 20.00 0.25 percent [+]