Business

Interest rate to be unchanged at 1,75% for at least a year, poll

Chile’s central bank will hold its interest rate at 1.75% for at least another year, a Reuters poll of 59 traders show, as policymakers are seen opting for long-term stimulus to ease the economic pain of months of unrest in 2019. Traders predict consumer prices to rise 0.20% in February but hold steady at the bank’s target of 3.00% over 12 months. They also worry of a tumultuous month of protests in March, when many residents of Santiago return to work and school following summer holidays.

Source: Nasdaq