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
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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 Thursday, May 28, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-19 09:50 PM 3% 3% 3% 3%
2015-04-16 10:00 PM 3% 3% 3% 3%
2015-05-14 10:00 PM 3% 3% 3% 3%
2015-06-12 10:00 PM 3% 3%
2015-07-15 10:00 PM 3%
2015-08-14 11:00 PM 3%


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.

Statement by the Central Bank of Chile:

Internationally, the world growth economic outlook did not experience significant changes, although the data for the first quarter were weaker than expected. In Latin America, the outlook has deteriorated further. During the month, long-term rates rose in most countries, although they remain at low levels. Sovereign risk premia had mixed movements. In general, currencies depreciated against the dollar, with a noticeable appreciation of the euro. With the exception of food, commodity prices rose, including copper and oil.

Data from the first quarter showed that activity and demand grew at a moderate pace. Some recent economic indicators suggest lower dynamism. The growth rate of employment and of the labor force remain subdued, while the unemployment rate was unchanged. Nominal wages kept their annual expansion rate. In April, headline inflation was higher than forecasted, which was not the case for core inflation. Both measures still show high annual levels. 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
5/14/2015 11:18:42 PM


Recent Releases

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 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 25460.56 25374.44 25562.12 81.57 CLP Billion [+]
Money Supply M2 90670.90 90112.91 90768.62 753.65 CLP Billion [+]
Money Supply M3 156520.88 156556.33 156556.33 1231.77 CLP Billion [+]
Foreign Exchange Reserves 38812.00 38422.10 42302.70 1998.90 USD Million [+]
Loans to Private Sector 76859.00 76685.00 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 2.00 May/15 2.25 17.50 2.00 percent [+]
Brazil 13.25 Apr/15 12.75 45.00 7.25 percent [+]
Canada 0.75 May/15 0.75 16.00 0.25 percent [+]
China 5.10 May/15 5.35 10.98 5.10 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 May/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 May/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Apr/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 12.50 Apr/15 14.00 17.00 5.00 percent [+]
South Korea 1.75 May/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Apr/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 May/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 May/15 0.50 17.00 0.50 percent [+]
United States 0.25 Apr/15 0.25 20.00 0.25 percent [+]