Chile's central bank anticipated to pause interest rate cuts, survey shows

Published 28/01/2025, 11:18
Chile's central bank anticipated to pause interest rate cuts, survey shows

Investing.com -- Chile's central bank is expected to pause its series of interest rate cuts for the first time since July, following a brief surge in inflation.

This information comes in anticipation of the central bank's next move after the market closes on Tuesday.

The central bank board members are likely to maintain borrowing costs at a steady 5%, according to a survey of economists conducted by Bloomberg.

This comes after a significant decrease in rates from a post-pandemic high of 11.25% in mid-2023.

Opinions among investors are split regarding the duration of the current interest rate. The dispute arises due to the fluctuating rates which previously fell drastically from a post-pandemic peak.

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