Central Bank of Chile mantains benchmark interest rate at 0.5%

The Central Bank of Chile kept the benchmark interest rate at its technical minimum of 0.5%, as the country suffers the impact of COVID-19. The decision to maintain the rate was unanimously adopted by the Bank’s directors, which since March brought the Monetary Policy Rate (MPR) to its lowest level since mid-2009. Traders and analysts expect the MPR to remain at that level for at least one year.

Source: Reuters