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. 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 May 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 4.25 percent in 2027 and 4.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-27 09:00 PM Interest Rate Decision 4.5% 4.5% 4.5% 4.5%
2026-03-24 09:00 PM Interest Rate Decision 4.5% 4.5% 4.5% 4.5%
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%
2026-07-28 10:00 PM Interest Rate Decision
2026-09-08 09:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 215153.00 214987.00 CLP Million Feb 2026
Central Bank Balance Sheet 45260.00 42740.00 CLP Million Apr 2026
Deposit Interest Rate 6.07 10.41 percent Dec 2024
Foreign Exchange Reserves 51544.00 50674.00 USD Million Apr 2026
Interbank Rate 4.44 4.44 percent May 2026
Interest Rate 4.50 4.50 percent Apr 2026
Loans to Private Sector 148112.00 142891.00 CLP Billion Mar 2026
Money Supply M1 63484.62 62706.83 CLP Billion Apr 2026
Money Supply M2 201604.63 199195.52 CLP Billion Apr 2026
Money Supply M3 388985.59 384341.91 CLP Billion Apr 2026
Private Debt to GDP 148.10 150.70 percent Dec 2024


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 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
Chile Holds Interest Rate Steady
The Central Bank of Chile maintained its policy rate at 4.5% in a unanimous March decision, citing a significant increase in uncertainty regarding the global economic outlook due to the war in the Middle East. The board noted that an initial external boost early in the year has been overshadowed by rising oil prices around $100 per barrel and tighter global financial conditions, while copper prices have decreased from their recent peaks despite remaining above previous IPoM forecasts. Domestic activity closed 2025 with 2.5% growth, though January Imacec performance was lower than expected due to supply factors in mining and agribusiness while private consumption and investment remained dynamic. The labour market showed little change with the unemployment rate steady and job creation remaining limited. Inflation showed a reduction with headline inflation at 2.4% and core inflation at 3.3% in February, though short-term expectations have risen relevantly due to fuel prices.
2026-03-24
Chile Holds Interest Rates at 4.5%, As Expected
The Central Bank of Chile maintained its policy rate at 4.5% in a unanimous January decision, citing a more supportive external backdrop and continued progress on disinflation. The board noted improved global conditions, highlighted somewhat stronger US activity and higher copper prices above levels at the previous meeting while warning that geopolitical fiscal and financial risks persist. Domestically activity and demand have broadly matched the September IPoM, with short-term indicators for consumption and investment in line with expectations, even as the Imacec total and non-minero contracted 0.6% and 0.5% month on month in November. The labour market showed little change with the unemployment rate steady and job creation remaining limited. Inflation eased toward target with headline inflation at 3.5% year on year and core inflation at 3.3% in December, and two year inflation expectations remaining anchored at 3%, consistent with convergence to the target over the policy horizon.
2026-01-27