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Post by bot on May 19, 2012 20:40:00 GMT -5
Chile holds key interest rate at 5%, as expected from MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Chile's central bank late Thursday held the country's key rate steady at 5%, meeting the expectations of analysts polled by Dow Jones Newswires. The rate has been at that level since January. Analysts expected the rate to remain unchanged as Chilean policy makers monitored Europe's debt crisis and its impact on domestic and global growth, as well as developments on local inflation. In a statement, Banco Central de Chile said economic activity and demand are evolving as forecast in its last monetary policy report. Year-over-year consumer price inflation "with volatility, is in the upper level of the tolerance range," while core inflation measures are around 3%. Chile's inflation target is 3%, plus or minus 1 percentage point. The bank also said euro-zone figures "confirm its weak growth," and U.S. economic indicators have been mixed in the past month.
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