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Friday November 18 2016
Chile Annual GDP Growth Beats Estimates at 1.6%  
The Chilean economy advanced 1.6 percent year-on-year in the third quarter of 2016, the same as an upwardly revised 1.6 percent expansion in the previous period and better than market expectations of 1.4 percent. Household spending accelerated while investment contracted for the first time this year. External trade also contributed positively to growth as imports shrank.
Friday November 18 2016
Chile Holds Key Rate at 3.5%  
The Central Bank of Chile left its benchmark monetary policy interest rate unchanged at 3.5 percent on November 16th, 2016, as widely expected. Policymakers said in October, the monthly CPI variation was again unexpectedly low, driving annual inflation to 2.8 percent. At short terms, inflation expectations have dropped, but are near the target of 3 percent at the end of the projection horizon.
Tuesday October 18 2016
Chile Leaves Monetary Policy Steady in October  
The Central Bank of Chile left its benchmark interest rate unchanged at 3.5 percent on October 18th 2016 as widely expected. Policymakers said September inflation was unusually low at 3.1 percent, signaling the inflation will approach the 3 percent target sooner than expected.
Friday September 16 2016
Chile Keeps Key Rate on Hold at 3.5%  
The Central Bank of Chile left its benchmark interest rate unchanged at 3.5 percent on September 15th as widely expected, keeping its neutral stance as inflation has slowed. Last month, policymakers dropped its tightening bias, signalling no rate hikes are expected in the near future due to lower inflationary pressures. Yet, the inflation rate eased to a 30-month low of 3.4 percent in August.
Thursday August 18 2016
Chile Annual GDP Growth Slows to Nearly 2-Year Low in Q2  
The Chilean economy expanded 1.5 percent year-on-year in the second quarter of 2016, slowing from an upwardly revised 2.2 percent growth in the previous period but beating market expectations of a 1.1 percent gain. Yet, it is the lowest growth rate since the third quarter of 2014, due to a slowdown in private spending and a drag in inventories.
Thursday August 11 2016
Chile Holds Interest Rate at 3.5% in August  
The Central Bank of Chile kept its benchmark interest rate on hold at 3.5 percent on August 11th as widely expected, saying inflation returned to the tolerance range while its development will continue to be monitored with special attention. Meanwhile, policymakers voiced concerns about limited economic growth and weak confidence indicators.
Thursday July 14 2016
Chile Holds Key Rate at 3.5%  
The Central Bank of Chile left its benchmark interest rate unchanged at 3.5 percent on July 14th as widely expected, saying monetary policy will need to continue to normalize in order to ensure the convergence of inflation to the target. Inflation expectations for the next two years remain at 3 percent.
Thursday June 16 2016
Chile Keeps Monetary Policy on Hold  
The Central Bank of Chile left its benchmark interest rate on hold at 3.5 percent on June 16th for the fifth straight meeting as widely expected. Policymakers said, inflation will continue to be watched with special attention. The bank also mention the volatility of financial markets as a result of upcoming UK referendum and the Federal Reserve’s monetary policy decision.
Wednesday May 18 2016
Chile GDP Growth Accelerates to 2% in Q1  
The Chilean economy advanced 2 percent year-on-year in the first quarter of 2016, accelerating from a 1.3 percent growth in the previous period. The figure came in better than an expected 1.8 percent expansion, mainly boosted by a net rise in exports.
Tuesday May 17 2016
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.
Tuesday April 12 2016
Chile Holds Key Rate Steady  
The Central Bank of Chile left its benchmark interest rate unchanged at 3.5 percent at its April 2016 meeting as widely expected, aiming to bring the inflation back to target of 3 percent.
Friday March 18 2016
Chile GDP Growth Slows in Q4  
The Chilean economy advanced 1.3 percent year-on-year in the fourth quarter of 2015, slowing from a 2.2 percent growth rate in the previous period and lower than market expectations of a 1.6 percent increase. It is the lowest performance since the 2009 recession as investment and exports shrank and consumption slowed.
Friday March 18 2016
Chile Keeps Key Rate on Hold  
The Central Bank of Chile left its benchmark interest rate unchanged at 3.5 percent for the third straight meeting in March of 2016 as expected. Policymakers said will consider measured adjustments to the interest rate aiming to bring inflation back to target, suggesting future hikes.
Thursday January 14 2016
Chile Leaves Monetary Policy Unchanged  
The Central Bank of Chile left its benchmark interest rate on hold at 3.5 percent at its January 2016 meeting as widely expected, following a 25 bps hike last month, saying the inflation rate in December was lower than anticipated while expectations for the next two years remain at 3 percent. Policymakers said will consider further paused adjustments to the interest rate, aiming to bring inflation back to target.
Thursday December 17 2015
Chile Hikes Key Rate to 3.5%  
The Central Bank of Chile raised its key interest rate to 3.5 percent on December 17th, as policymakers expect the inflation to surpass 4 percent in the near future. The bank also said further adjustments to assure the convergence of inflation to target will depend on new incoming data and its implications for inflation.
Wednesday November 18 2015
Chile GDP Growth Beats Forecasts  
The Chilean economy advanced 2.2 percent year-on-year in the third quarter of 2015, up from a 1.9 percent rise in the previous period and compared to market expectations of a 2.1 percent expansion boosted by a rebound in investment and higher household and government spending.
Thursday November 12 2015
Chile Leaves Monetary Policy Unchanged  
The Central Bank of Chile left its benchmark interest rate steady at 3.25 percent at its November 2015 meeting as widely expected, following a 25bps hike last month. Policymakers suggested further tightening is likely in the future, aiming to bring the inflation back to the 3 percent target.
Thursday October 15 2015
Chile Unexpectedly Hikes Key Rate to 3.25%  
The Central Bank of Chile raised its benchmark interest rate by 25bps to 3.25 percent on October 15th in an attempt to curb inflation. Policymakers also said further adjustments to assure the convergence of inflation to target will depend on new incoming data and its implications for inflation.
Tuesday September 15 2015
Chile Leaves Rates on Hold, Signals Hike in the Short-Term  
The Central Bank of Chile left its benchmark interest rate on hold at 3 percent in September of 2015 as widely expected, saying the economy remains weak while inflation expectations have increased. Yet, policymakers pointed the need to cut the monetary stimulus in the short-term, signalling a rate hike may occur soon.
Tuesday August 18 2015
Chile GDP Growth Slightly Above Expectations  
The Chilean economy advanced 1.9 percent year-on-year in the second quarter of 2015, slightly above market expectations but slowing from an upwardly revised 2.5 percent expansion in the first three months of the year. Household and government spending drove the expansion while investment and exports contracted.
Tuesday July 14 2015
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.
Monday May 18 2015
Chile GDP Growth Beats Expectations in Q1  
The Chilean economy expanded 2.4 percent year-on-year in the first quarter of 2015, up from a 1.8 percent growth in the previous period as domestic demand and net exports increased.
Thursday May 14 2015
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.
Thursday April 16 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.
Thursday March 19 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.
Wednesday March 18 2015
Chile GDP Growth Accelerates in Q4  
The Chilean economy advanced 1.8 percent year-on-year in the last quarter of 2014, up from a revised 1 percent expansion in the previous period as investment and exports rebounded and public spending increased.
Friday February 13 2015
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.
Thursday January 15 2015
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.
Thursday December 11 2014
Chile Leaves Monetary Policy Unchanged  
Central Bank of Chile decided to leave the monetary policy interest rate on hold at 3 percent at its December 11th meeting. Yet, policymakers said will continue monitoring inflation with special attention.
Tuesday November 18 2014
Chile Leaves Rate on Hold  
Central Bank of Chile decided to leave the monetary policy interest rate on hold at 3 percent at its November meeting amid weak growth and high inflation.
Tuesday November 18 2014
Chile GDP Growth at 5-Year Low  
Chilean GDP advanced 0.8 percent year-on-year in the third quarter of 2014, the weakest pace since the 2009 recession. The economy slowed for the fourth straight quarter as mining investment contracted further.
Thursday October 16 2014
Central Bank of Chile Lowers Key Rate to 3%  
At its October 16th meeting, Central Bank of Chile decided to cut the monetary policy rate for the fourth straight meeting by 25 bps to 3 percent, aiming to boost weak growth.
Thursday September 11 2014
Chile Cuts Interest Rate to 3.25%  
At its September 11th, 2014 meeting, Chile's central bank decided to cut the benchmark interest rate by 25 bps to 3.25 percent. It is the third consecutive rate cut as output, demand and employment continue to reflect the low dynamism of the Chilean economy.
Monday August 18 2014
Chile GDP Growth Slows Again in Q2  
Chile’s economy expanded 1.9 percent year-on-year in the second quarter of 2014, the weakest growth rate in nearly five years, as domestic demand and exports fell.
Tuesday July 15 2014
Chile Cuts Interest Rate to 3.75%  
At its July 15th meeting, Central Bank of Chile decided to lower the monetary policy interest rate by 25 bps to 3.75 percent. It is the third rate cut this year, as inflation remains above target.
Saturday June 14 2014
Chile Monetary Policy Unchanged in June  
At its June 12th, 2014 meeting, Chile’ Monetary Policy Committee decided to hold the benchmark interest rate at 4.0 percent for the third straight month.
Monday May 19 2014
Chile GDP Growth Slows to 4-Year Low in Q1  
Chile's economy advanced 2.6 percent in the first quarter of 2014 compared with a year earlier, slightly down from a 2.7 percent growth rate in the previous three months. It is the slowest expansion since the first quarter of 2010, as a fall in investment keeps dragging the economy down.
Friday May 16 2014
Chile Leaves Rates on Hold  
At its May 15th, 2014 meeting, Central Bank of Chile left its benchmark interest rate on hold at 4 percent for the second straight meeting. The central bank reiterated it will consider future rate cuts depending on the evolution of domestic and external macroeconomic conditions and implications on the inflation outlook.
Thursday April 17 2014
Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Tuesday March 18 2014
Chile GDP Growth Slows to 2.7% YoY in Q4  
Chile's economy advanced 2.7 percent in the fourth quarter of 2013 compared with a year earlier, the slowest expansion in three-and-a-half years, hurt by a sharp fall in investment. For full 2013, the GDP grew at a lower 4.1 percent, down from 5.6 percent in 2012.
Friday March 14 2014
Bank of Chile Lowers Interest Rate to 4%  
Bank of Chile cut its benchmark interest rate by 25 bps to 4 percent on March 13th. The key rate stands now at its lowest level in three years.
Tuesday February 18 2014
Bank of Chile Cuts Rate by 25 bps  
At its February 18th, 2014 meeting, the Central Bank of Chile decided to lower the benchmark interest rate to 4.25 percent from 4.5 percent, as the economy continues to lose strength.
Thursday January 16 2014
Bank of Chile Leaves Rate Unchanged in January  
At its January 16th, 2014 meeting, the Board of the Central Bank of Chile decided to leave the benchmark interest rate unchanged at 4.5 percent. The Board also said that in the coming months it might be necessary to increase the monetary stimulus.
Thursday December 12 2013
Chile Monetary Policy Unchanged in December  
In its December 12th meeting, Chile's central bank left the monetary policy interest rate on hold at 4.5 percent, following two consecutive cuts. Yet, policymakers pointed that the economy is losing strenght.
Tuesday November 19 2013
Bank of Chile Cuts Interest Rate to 4.5%  
The Board of the Central Bank of Chile decided on November 19th to lower the monetary policy interest rate by 25 basis points to 4.5 percent. The Board cited a slowdown in domestic demand and low inflation.
Monday November 18 2013
Chilean Economy Expands 4.7% YoY in Q3  
In the third quarter of 2013, Chile’s GDP expanded 4.7 percent over a year earlier, up from a revised 4 percent in the previous quarter. The expansion was mainly boosted by mining and agriculture.
Friday October 18 2013
Bank of Chile Cuts Benchmark Interest Rate to 4.75%  
The Board of the Central Bank of Chile decided on October 17th to lower the monetary policy interest rate by 25 basis points, to 4.75 percent to stimulate easing economic growth. Central Bank of Chile cited gloomier global economic outlook, and decelerating domestic demand.
Friday September 13 2013
Bank of Chile Leaves Benchmark Interest Rate on Hold at 5%  
The Board of the Central Bank of Chile decided on September 12th to leave the monetary policy interest rate unchanged at 5 percent, as the inflation rate remains within the tolerance range.
Tuesday August 20 2013
Chilean Monetary Policy Unchanged in August  
On August 13th, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5 percent, citing dynamic consumption, but a rate cut could be on the horizon in the months ahead.
Monday August 19 2013
Chile GDP Growth Slows to 4.1% YoY in Q2  
In the second quarter of 2013, Chilean economy expanded 4.1 percent over the previous year, the slowest expansion in seven quarters, as the recovery in manufacturing and agriculture was not enough to offset a contraction in fishing, restaurants and hotels’ activities.
Friday July 12 2013
Chilean Monetary Policy Unchanged in July  
On July 11th, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5 percent, citing concerns about inflationary pressures and slow growth.
Thursday June 13 2013
Central Bank of Chile Keeps Policy Rate at 5%  
On June 13th, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5 percent, as inflationary expectations over the policy horizon remain around the target.
Monday August 19 2013
Chile's Economy is Bound for Slower Growth in 2013  
Recent data updates for Chile are pointing to slower expansion in the next few months. While exports revenues are expected to decline due to lower global demand and softer copper prices, drop in consumer confidence points to lower consumption.
Monday May 20 2013
Chile´s Economy Grew 4.1% YoY in Q1  
In the first quarter of 2013, Chile´s GDP expanded 4.1 percent yoy, down from the 5.7 percent expansion registered in the previous quarter.
Friday May 17 2013
Central Bank Of Chile Keeps Monetary Policy Unchanged For 16th Consecutive Month  
In its monthly monetary policy meeting, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5% (annual).
Thursday April 11 2013
Central Bank Of Chile Keeps Monetary Policy Unchanged  
In its monthly monetary policy meeting, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5% (annual).
Friday May 17 2013
Chile's Strong Economic Growth Likely to Hold in 2013  
In the last three years Chile's economy has been one of the best performers in Latin America. And although there are clear signs that export oriented expansion has slowed down, domestic consumption has been on the rise.
Monday March 18 2013
Chile´s Economy Expands 5.7% In Q4  
Chile´s GDP grew 5.7 percent in the fourth quarter of 2012 from a year earlier boosted by domestic demand.
Friday January 18 2013
Chile's Interest Rates remain fixed at 5.00%  
In its monthly monetary policy meeting, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5% (annual).
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