Reported 8 months ago
Chile's central bank is likely to reduce its interest rates at a slower pace due to concerns about upcoming electricity price hikes affecting inflation. The bank has already cut rates by 5.25 percentage points since July and is expected to lower rates to 5.75%. Policymakers are cautious about the impact of rising electricity tariffs and are monitoring the Federal Reserve's rate decisions. The central bank's statement will be released at 6 p.m. local time in Santiago, addressing the impact of electricity tariffs and copper prices on the economy.
Source: YAHOO