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 4.88 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.

      Forecast    
Chile Interest Rate


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 Sunday, March 29, 2015.


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.

Statement by the Central Bank of Chile:

The economic recovery of the developed world, particularly the United States, is running on course, while prospects have deteriorated for the most part of Latin America. During the month, commodity prices dropped although there were some exceptions such as copper. International financial conditions for emerging economies worsened and the dollar strengthened further. Worth noting were the stronger monetary stimuli in several economies and, most recently, the cautious tone of the Federal Reserve's communication.

As in the previous month, February's inflation exceeded the market's expectation. Core inflation remains high. In the most likely scenario, annual inflation is forecast to remain above the tolerance range for some months, a development that will continue to be monitored with special attention. Medium-term inflation expectations have remained around 3 percent. Output and demand indicators point at growth rates in line with those projected in the December Monetary Policy Report. Meanwhile, the unemployment rate increased slightly and nominal wages remained dynamic. Local financial conditions reflect the impact of the monetary stimulus.

The board reiterates its commitment to conduct monetary policy with flexibility so that projected inflation stands at 3 percent 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.

Central Bank of Chile | Carolina Cunha | carolina.cunha@tradingeconomics.com
3/19/2015 10:17:42 PM


Recent Releases

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 Leaves Rates on Hold
The Central Bank of Chile decided to leave its monetary policy interest rate unchanged at 3 percent at its January 15th meeting, as widely expected, amid low growth and above-target inflation. Published on 2015-01-15


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-15 09:00 PM
Interest Rate Decision 
3% 3% 3% 3%
2015-02-12 09:00 PM
Interest Rate Decision 
3% 3% 3% 3%
2015-03-19 09:50 PM
Interest Rate Decision 
3% 3% 3% 3%
2015-04-17 10:30 PM
Interest Rate Decision 
3%
2015-05-15 11:00 PM
Interest Rate Decision 
3%
2015-06-12 11:00 PM
Interest Rate Decision 
3%


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 25386.70 25522.25 25562.12 81.57 CLP Billion [+]
Money Supply M2 89823.37 90364.01 90768.62 753.65 CLP Billion [+]
Money Supply M3 155156.61 154254.69 155156.61 1231.77 CLP Billion [+]
Foreign Exchange Reserves 38032.40 39957.00 42302.70 1998.90 USD Million [+]
Loans to Private Sector 77338.00 76527.00 77338.00 15521.00 CLP Billion [+]
Banks Balance Sheet 95877.00 92943.00 95877.00 19122.00 CLP Million [+]
Central Bank Balance Sheet 23745.00 21091.00 24082.00 10730.92 CLP Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.25 Mar/15 2.25 17.50 2.25 percent [+]
Brazil 12.75 Mar/15 12.25 45.00 7.25 percent [+]
Canada 0.75 Mar/15 0.75 16.00 0.25 percent [+]
China 5.35 Mar/15 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Mar/15 0.05 4.75 0.05 percent [+]
France 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Mar/15 0.05 4.75 0.05 percent [+]
India 7.50 Mar/15 7.75 14.50 4.25 percent [+]
Indonesia 7.50 Mar/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Mar/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Mar/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Russia 14.00 Mar/15 15.00 17.00 5.00 percent [+]
South Korea 1.75 Mar/15 2.00 5.25 1.75 percent [+]
Spain 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Mar/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Mar/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Mar/15 0.50 17.00 0.50 percent [+]
United States 0.25 Mar/15 0.25 20.00 0.25 percent [+]