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Central Bank maintains interest rate of monetary policy in 3%

Raúl Zamora | Agencia Uno
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The Council of the Chilean Central Bank took the decision of maintaining the interest rate of the monetary policy in 3.5%, after the mensual meeting about this issue.

The organism has communicated the decision, in accordance to the market expectations, through a public statement.

The Council argued that the decision was taken on basis of the current records about the Chilean economy, among them, that in January the IPC variation was a few highest that the expected, while the trust rates are still dropping.

Finally, the Central Bank confirmed that the total productive maintenance (TPM) will suffer moderate adjustments, while its modification, would be dependent of the accumulation of new information and the variations around the inflation.

In addition, the CB committed itself to maintain a flexible monetary policy to avoid the inflation pass the 3%.

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