February 12, 2015 / 9:12 PM / 3 years ago

Chile's central bank holds interest rate at 3.0 pct

SANTIAGO, Feb 12 (Reuters) - Chile's central bank held the benchmark interest rate at 3.0 percent on Thursday, as widely expected, and repeated its neutral bias on future policy.

The bank cut the rate 200 basis points between October 2013 and October 2014 to stimulate a flagging economy, but has since paused to allow above-target inflation to cool. (Reporting by Santiago bureau; Editing by Meredith Mazzilli)

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