Central Bank of Chile cuts benchmark rate

Author: Eamonn Sheridan | Category: Central Banks

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