Chile Interest Rate  1995-2016 | Data | Chart | Calendar | Forecast | News

The Central Bank of Chile kept its benchmark interest rate on hold at 3.5 percent on May 17th as widely expected, saying global economic and financial developments continue to pose risks. Policymakers also said the inflation rate will remain above 4 percent in the short term while expectations for the next two years remain at 3 percent. The bank has held the rate steady since raising it 25 bps in December, aiming to bring inflation back to target. Interest Rate in Chile averaged 4.82 percent from 1995 until 2016, 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
Receive the next reported value for Chile Interest Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 14.00 0.50 1995 - 2016 percent Daily
In Chile, interest rate decisions are taken by The Central Bank of Chile (Banco 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. Chile Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-17 09:10 PM Interest Rate Decision 3.5% 3.5% 3.5% 3.5%
2016-04-12 09:10 PM Interest Rate Decision 3.50% 3.5% 3.5% 3.5%
2016-05-17 10:00 PM Interest Rate Decision 3.5% 3.5% 3.5% 3.5%
2016-06-16 09:00 PM Interest Rate Decision 3.5% 3.5%
2016-07-14 09:00 PM Interest Rate Decision 3.5%
2016-08-12 09:00 PM Interest Rate Decision 3.75%

Chile Leaves Key Rate Unchanged at 3.5%


The Central Bank of Chile kept its benchmark interest rate on hold at 3.5 percent on May 17th as widely expected, saying global economic and financial developments continue to pose risks. Policymakers also said the inflation rate will remain above 4 percent in the short term while expectations for the next two years remain at 3 percent. The bank has held the rate steady since raising it 25 bps in December, aiming to bring inflation back to target.

Statement by the Central Bank of Chile:

International financial markets are on a similar path to that of previous months. In spite of this, risks remain. Lately, while differing in magnitude, currencies have tended to depreciate with respect to the dollar. Forecasts for world growth do not show significant changes, although forecasts for the United States have been revised downward. Comodity prices rose from last month, with some exceptions, including copper.

On the domestic front, in April CPI inflation was 4.2% annually. Projections suggest that it will remain above 4% for some months. Inflation expectations two years out remain at 3%. The evolution of these variables will continue to be monitored with special attention. In the first quarter, economic activity outperformed estimates in the March Monetary Policy Report; however, confidence indicators are still in pessimistic territory and the labor market experienced a sharper deterioration. The pace of annual wage growth showed no variation.

The Board estimates that, to ensure the convergence of inflation to the target, monetary policy will need to continue to normalize, at a pace that will depend on incoming information and its implications on inflation projections. The Board reiterates its commitment to conduct monetary policy with flexibility, so that projected inflation stands at 3% over the policy horizon.

Central Bank of Chile | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/17/2016 11:23:40 PM

Chile Money Last Previous Highest Lowest Unit
Interest Rate 3.50 3.50 14.00 0.50 percent [+]
Interbank Rate 4.02 4.02 7.45 0.06 percent [+]
Money Supply M1 27798.26 27808.72 29116.65 81.57 CLP Billion [+]
Money Supply M2 101541.82 101325.01 101729.98 753.65 CLP Billion [+]
Money Supply M3 174393.82 174219.60 175242.20 1231.77 CLP Billion [+]
Foreign Exchange Reserves 39868.10 39553.00 42302.70 1998.90 USD Million [+]
Banks Balance Sheet 109733.00 109449.00 109733.00 19122.00 CLP Million [+]
Loans to Private Sector 85468.00 85904.00 86087.00 15521.00 CLP Billion [+]
Deposit Interest Rate 3.92 5.17 48.68 1.75 percent [+]
Central Bank Balance Sheet 23330.00 24422.00 24422.00 10730.92 CLP Million [+]




Last
Argentina 36.90 Apr/16
Malawi 27.00 Apr/16
Ghana 26.00 May/16
Gambia 23.00 Apr/16
Belarus 22.00 Apr/16
Venezuela 21.09 Mar/16
Iran 21.00 May/15
Haiti 20.00 Apr/16
Ukraine 19.00 Apr/16
Uganda 16.00 Apr/16
Zambia 15.50 May/16
Afghanistan 15.00 Apr/16
Kazakhstan 15.00 May/16
Moldova 15.00 Apr/16
Yemen 15.00 Apr/16
Brazil 14.25 Apr/16
Angola 14.00 May/16
Liberia 13.67 Dec/15
Mozambique 12.75 Apr/16
Djibouti 12.70 Dec/14
Seychelles 12.29 Mar/16
Suriname 12.28 Dec/14
Nigeria 12.00 Apr/16
Tanzania 12.00 Apr/16
Zimbabwe 11.99 Dec/15
Sudan 11.70 Sep/15
Guinea 11.00 Oct/15
Russia 11.00 Apr/16
Egypt 10.75 Apr/16
Kenya 10.50 May/16
Mongolia 10.50 May/16
Lebanon 10.00 Apr/16
Myanmar 10.00 Apr/16
Sao Tome and Principe 10.00 Apr/16
Burundi 9.82 Dec/15
Sierra Leone 9.50 Apr/16
Uruguay 9.25 Apr/16
Ecuador 9.03 Apr/16
Mauritania 9.00 Apr/16
Tajikistan 9.00 Apr/16
Uzbekistan 9.00 Apr/16
Madagascar 8.70 Feb/16
Kyrgyzstan 8.00 Apr/16
Armenia 7.75 May/16
Cape Verde 7.50 Dec/15
Georgia 7.50 Apr/16
Turkey 7.50 Apr/16
Azerbaijan 7.00 May/16
Colombia 7.00 Apr/16
Maldives 7.00 Apr/16
Namibia 7.00 Apr/16
Nepal 7.00 Apr/16
South Africa 7.00 May/16
Bangladesh 6.75 Apr/16
Indonesia 6.75 May/16
India 6.50 Apr/16
Rwanda 6.50 Apr/16
Sri Lanka 6.50 May/16
Swaziland 6.50 Apr/16
Vietnam 6.50 Apr/16
Lesotho 6.49 Dec/15
Papua New Guinea 6.25 Apr/16
Bhutan 6.00 Apr/16
Botswana 6.00 Apr/16
Iraq 6.00 Mar/16
Pakistan 6.00 Apr/16
Paraguay 6.00 Apr/16
Honduras 5.75 Mar/16
Iceland 5.75 May/16
Brunei 5.50 Apr/16
Bosnia and Herzegovina 5.25 Feb/16
Jamaica 5.25 Apr/16
Dominican Republic 5.00 Apr/16
Ethiopia 5.00 Apr/16
Guyana 5.00 Apr/16
Trinidad and Tobago 4.75 Mar/16
Bahamas 4.50 Mar/16
Laos 4.50 Apr/16
Qatar 4.50 Apr/16
Mauritius 4.40 Apr/16
China 4.35 Apr/16
El Salvador 4.33 Apr/16
Peru 4.25 May/16
Serbia 4.25 May/16
Tunisia 4.25 Apr/16
Algeria 4.00 Apr/16
Jordan 3.75 Apr/16
Mexico 3.75 May/16
Benin 3.50 Apr/16
Burkina Faso 3.50 Apr/16
Chile 3.50 May/16
Guinea Bissau 3.50 Apr/16
Ivory Coast 3.50 Apr/16
Mali 3.50 Apr/16
Niger 3.50 Apr/16
Senegal 3.50 Apr/16
Togo 3.50 Apr/16
Barbados 3.26 Apr/16
Macedonia 3.25 Jan/16
Malaysia 3.25 May/16
Guatemala 3.00 Apr/16
Libya 3.00 Apr/16
Philippines 3.00 Jun/16
Belize 2.50 Apr/16
Croatia 2.50 Apr/16
Cameroon 2.45 Apr/16
Central African Republic 2.45 Apr/16
Chad 2.45 Apr/16
Equatorial Guinea 2.45 Apr/16
Gabon 2.45 Apr/16
Republic of the Congo 2.45 Apr/16
Cuba 2.25 Apr/16
Kuwait 2.25 Apr/16
Morocco 2.25 Apr/16
New Zealand 2.25 Apr/16
Congo 2.00 Apr/16
Saudi Arabia 2.00 Apr/16
Bolivia 1.90 Mar/16
Australia 1.75 May/16
Costa Rica 1.75 Apr/16
Romania 1.75 May/16
Poland 1.50 May/16
South Korea 1.50 May/16
Taiwan 1.50 Apr/16
Thailand 1.50 May/16
Cambodia 1.42 Feb/16
Comoros 1.36 Mar/16
Albania 1.25 May/16
United Arab Emirates 1.25 Apr/16
Hungary 1.05 Apr/16
Oman 1.00 Apr/16
Bahrain 0.75 Apr/16
Hong Kong 0.75 Apr/16
Macau 0.75 Apr/16
Canada 0.50 Apr/16
Fiji 0.50 Apr/16
Norway 0.50 May/16
United Kingdom 0.50 May/16
United States 0.50 Apr/16
Panama 0.44 Feb/16
Singapore 0.41 Apr/16
New Caledonia 0.30 Apr/16
Israel 0.10 May/16
Czech Republic 0.05 May/16
Austria 0.00 Apr/16
Belgium 0.00 Apr/16
Bulgaria 0.00 May/16
Cyprus 0.00 Apr/16
Estonia 0.00 Apr/16
Euro Area 0.00 Apr/16
Finland 0.00 Apr/16
France 0.00 Apr/16
Germany 0.00 Apr/16
Greece 0.00 Apr/16
Ireland 0.00 Apr/16
Italy 0.00 Apr/16
Latvia 0.00 Apr/16
Lithuania 0.00 Apr/16
Luxembourg 0.00 Apr/16
Malta 0.00 Apr/16
Netherlands 0.00 Apr/16
Portugal 0.00 Apr/16
Slovakia 0.00 Apr/16
Slovenia 0.00 Apr/16
Spain 0.00 Apr/16
Japan -0.10 Apr/16
Sweden -0.50 Apr/16
Denmark -0.65 Apr/16
Switzerland -0.75 Apr/16