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Chile's central bank maintains interest rate at 3.5%


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Chile's central bank maintains interest rate at 3.5%

Banco Central de Chile on Dec. 13 maintained its monetary policy interest rate at 3.5%, nothing that the monthly inflation variation was 2.9% in November, in line with its projections.

"If the recent trends of the economic scenario persist, and so do their implications on the medium-term inflation outlook, it will be necessary to boost the monetary impulse," the central bank said in a statement.

Long-term international interest rates continued to grow in developed nations, the central bank added. However, there is no significant change in the outlook for developed countries, due to uncertainty over effects arising from possible changes in their economic policies.