Chile's central bank raised its monetary policy interest rate by 25 bps to 0.75 during its July meeting, aiming to support a weak peso that has touched its lowest level so far this year due to the recent drop in copper prices and broad dollar strength. Headline inflation rose to 3.8 percent in June, its highest since February 2020 and above the central bank's mid-point target of 3 percent, while economic activity has exceeded expectations. Policymakers see the activity gap continuing to close rapidly, accompanied by a high fiscal impulse and a strongly dynamic consumption, which creates the conditions for a gradual withdrawal of the monetary impulse. source: Banco Central de Chile
Interest Rate in Chile averaged 4.37 percent from 1995 until 2021, reaching an all time high of 14 percent in September of 1998 and a record low of 0.50 percent in July of 2009. This page provides - Chile Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Interest Rate in Chile is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Chile to stand at 2.00 in 12 months time. In the long-term, the Chile Interest Rate is projected to trend around 2.50 percent in 2022 and 3.00 percent in 2023, according to our econometric models.