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Central Bank maintains interest rate at 1.75%, warns of weakening economy

The board of Chile’s Central Bank decided to keep the interest rate at 1.75% and was concerned about the possible impact of lower consumption and fiscal expansion on the country’s economy. In the minutes of the meeting, board members also suggest closely following a possible weakening of the economy due to the coronavirus outbreak in China which has caused commodity prices, including copper, to reach their lowest values ​​in several months, increased risk premiums and depreciation of most currencies against the dollar.

Source: Diario Financiero