The Central Bank of Chile kept its benchmark interest rate unchanged at 4.5% in a unanimous decision at its July meeting, holding borrowing costs for a fifth straight meeting, as widely expected. Policymakers said the macroeconomic outlook remains subject to greater-than-usual uncertainty as renewed US-Iran fighting pushed oil prices back to $100 per barrel and clouded the outlook for global supply. Domestically, economic activity weakened more than expected, with May's Imacec falling 0.9% year-on-year while investment and labor market conditions softened. Meanwhile, annual inflation accelerated to 4.3% in June, slightly above forecasts, as core inflation rose faster than expected and short-term inflation expectations increased alongside higher oil prices. However, inflation expectations two years ahead remained anchored at 3%. The board reiterated that it will assess policy meeting by meeting and take the measures needed to return inflation to its 3% target over a two-year horizon. source: Banco Central de Chile

The benchmark interest rate in Chile was last recorded at 4.50 percent. Interest Rate in Chile averaged 4.68 percent from 1995 until 2026, reaching an all time high of 14.00 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 August of 2026.

The benchmark interest rate in Chile was last recorded at 4.50 percent. Interest Rate in Chile is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Interest Rate is projected to trend around 4.50 percent in 2027 and 4.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-28 10:00 PM Interest Rate Decision 4.5% 4.5% 4.5% 4.5%
2026-06-16 10:00 PM Interest Rate Decision 4.5% 4.5% 4.5% 4.5%
2026-07-28 10:00 PM Interest Rate Decision 4.5% 4.5% 4.5% 4.5%
2026-09-08 09:00 PM Interest Rate Decision 4.5%
2026-10-27 09:00 PM Interest Rate Decision
2026-12-15 09:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 220076.00 220002.00 CLP Million Jun 2026
Central Bank Balance Sheet 44991.00 47337.00 CLP Million Jul 2026
Deposit Interest Rate 6.07 10.41 percent Dec 2024
Foreign Exchange Reserves 52687.00 51876.00 USD Million Jul 2026
Interbank Rate 4.44 4.56 percent Aug 2026
Interest Rate 4.50 4.50 percent Jul 2026
Loans to Private Sector 150113.00 147635.00 CLP Billion Jun 2026
Money Supply M1 63461.90 64169.43 CLP Billion Jul 2026
Money Supply M2 204238.76 203704.85 CLP Billion Jul 2026
Money Supply M3 399306.70 396707.63 CLP Billion Jul 2026
Private Debt to GDP 138.50 145.20 percent Dec 2025


Chile Interest Rate
In Chile, interest rate decisions are taken by The Central Bank of Chile (Banco Central de Chile). The official interest rate is monetary policy interest rate (PDBC Pagarés Descontables del Banco Central) which is overnight interbank interest rate.
Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.50 14.00 0.50 1995 - 2026 percent Daily

News Stream
Chile Holds Interest Rate at 4.5%
The Central Bank of Chile kept its benchmark interest rate unchanged at 4.5% in a unanimous decision at its July meeting, holding borrowing costs for a fifth straight meeting, as widely expected. Policymakers said the macroeconomic outlook remains subject to greater-than-usual uncertainty as renewed US-Iran fighting pushed oil prices back to $100 per barrel and clouded the outlook for global supply. Domestically, economic activity weakened more than expected, with May's Imacec falling 0.9% year-on-year while investment and labor market conditions softened. Meanwhile, annual inflation accelerated to 4.3% in June, slightly above forecasts, as core inflation rose faster than expected and short-term inflation expectations increased alongside higher oil prices. However, inflation expectations two years ahead remained anchored at 3%. The board reiterated that it will assess policy meeting by meeting and take the measures needed to return inflation to its 3% target over a two-year horizon.
2026-07-28
Chile Holds Interest Rate at 4.5%
The Central Bank of Chile kept its benchmark interest rate unchanged at 4.5% at its June meeting. Policymakers noted that the balance of risks to inflation has become more even, although the macroeconomic outlook remains subject to elevated uncertainty. The conflict in the Middle East remains unresolved, and global oil supply has yet to normalize. At the same time, while economic activity has been affected mainly by temporary supply factors and demand prospects have changed little, several drivers of household consumption have evolved less favorably. As expected, headline inflation accelerated due to the shock from the Middle East conflict. Annual consumer price inflation rose to 3.9% in May, largely driven by higher fuel prices. However, core inflation has shown little change in recent months. The board reiterated that it will take the necessary measures to ensure inflation converges to its 3% target over a two-year horizon.
2026-06-16
Chile Holds Interest Rates as Expected
The Central Bank of Chile kept its policy rate unchanged at 4.5% in a unanimous decision in April 2026, citing persistent global uncertainty driven by the ongoing Middle East conflict. While oil futures still point to some easing, risks remain that energy and commodity prices stay elevated, fueling inflation risks. Still, equities recovered and currencies strengthened, while copper prices climbed around $6 per pound, above earlier projections. Domestically, activity softened, with non-mining output contracting 0.3% year-on-year in February due to supply disruptions. Consumption remained broadly stable, but investment slowed more than expected. The labor market saw little change, with steady unemployment and limited job creation. Inflation rose slightly above forecasts, with headline at 2.8% and core at 3.4%, while short-term expectations increased. Still, medium-term expectations remain anchored near the 3% target, as the central bank signaled a cautious, data-dependent approach ahead.
2026-04-28