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Chile's central bank holds interest rate steady at 2.5 pct
July 13, 2017 / 10:11 PM / 2 months ago

Chile's central bank holds interest rate steady at 2.5 pct

SANTIAGO, July 13 (Reuters) - Chile’s central bank kept the benchmark interest rate unchanged at 2.5 percent at its monthly meeting on Thursday, as widely expected, and said it maintained a neutral bias.

The bank had said earlier this year that future rate cuts were unlikely before year-end, but unusually strong deflation in June has caused some analysts and traders to expect easing in the medium term. (Reporting by Gram Slattery, editing by G Crosse)

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