Central Bank of Chile cuts benchmark rate
From 2.75% to 2.5%
Probably not gunna move EUR/USD too much, but there you go ...
The Bank cut the benchmark rate at it s previous meeting also, from 3% to 2.75% on April 13
- And it cut at the meeting before that too
- Chile's easing cycle began in January
- Q1 economic growth hit the skids in Chile, the long strike at the Escondida copper mine hit exports
- Inflation is under target (3%), which isgiving the central bank scope to cut