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 Monday, April 27, 2015.


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.

Statement by the Central Bank of Chile:

Internationally, incoming indicators point at some improvement in output prospects for Europe, although risks remain. At the same time, a slower pace is observed in Chinese growth and the weak performance of Latin America is confirmed. In the United States, the recovery is running its course, despite weaker growth in the first quarter, which led the market to postpone the moment it expects the Fed to make the first increase in the policy rate. In this context, the dollar depreciated globally and international financial conditions improved over the previous month. Commodity prices showed mixed movements. The prices of copper and, especially, oil and its derivatives increased.

Data disclosed after the publication of the last Monetary Policy Report are broadly consistent with the baseline scenario depicted in it. Output is evolving in line with expectations, although investment has evolved below what was expected. The unemployment rate dropped slightly, but job creation was low. Nominal wages remained dynamic. In March, headline inflation was lower than forecast, which was not the case for core inflation. Overall, the annual change of the CPI is still high, and its evolution will continue to be monitored with special attention. Medium-term inflation expectations remain at 3%. 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% 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.

Joana Taborda | joana.taborda@tradingeconomics.com
4/16/2015 11:11:10 PM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
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%
2015-04-16 10:00 PM
Interest Rate Decision 
3% 3% 3% 3%
2015-05-15 11:00 PM
Interest Rate Decision 
3%
2015-06-12 11:00 PM
Interest Rate Decision 
3%
2015-07-15 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 25374.44 25386.70 25562.12 81.57 CLP Billion [+]
Money Supply M2 90425.83 90645.11 90768.62 753.65 CLP Billion [+]
Money Supply M3 156630.41 155942.03 156630.41 1231.77 CLP Billion [+]
Foreign Exchange Reserves 38422.10 38032.40 42302.70 1998.90 USD Million [+]
Loans to Private Sector 77338.00 76527.00 77338.00 15521.00 CLP Billion [+]
Banks Balance Sheet 98197.00 97880.00 98197.00 19122.00 CLP Million [+]
Central Bank Balance Sheet 22896.00 22530.00 24082.00 10730.92 CLP Million [+]


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