Reported 1 day ago
Chile's central bank has highlighted significant risks regarding its monetary policy, especially concerning short-term inflation challenges, as indicated in the recent minutes from their December meeting. Although the bank has reduced the key rate by a quarter-point to 5%, board members emphasized the need for caution in further cuts due to concerns about rising inflation, a weak peso, and other economic pressures. They project inflation could approach 5% in early 2025, with hopes of reaching a 3% target by 2026.
Source: YAHOO