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. 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 February 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 4.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-10-28 09:00 PM Interest Rate Decision 4.75% 4.75% 4.75%
2025-12-16 09:00 PM Interest Rate Decision 4.5% 4.75% 4.5% 4.5%
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
2026-04-28 10:00 PM Interest Rate Decision
2026-06-16 10:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 209216.00 210088.00 CLP Million Nov 2025
Central Bank Balance Sheet 42062.00 43761.00 CLP Million Dec 2025
Deposit Interest Rate 6.07 10.41 percent Dec 2024
Foreign Exchange Reserves 49450.00 48658.80 USD Million Dec 2025
Interbank Rate 4.44 4.44 percent Feb 2026
Interest Rate 4.50 4.50 percent Jan 2026
Loans to Private Sector 146046.00 145608.00 CLP Billion Nov 2025
Money Supply M1 61857.33 59496.12 CLP Billion Dec 2025
Money Supply M2 194581.67 193507.36 CLP Billion Dec 2025
Money Supply M3 376795.06 377537.25 CLP Billion Dec 2025
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 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
Chile Cuts Interest Rates By 25 bps, As Expected
The Central Bank of Chile cut its policy rate by 25 basis points to 4.5% in a unanimous December decision, citing a more supportive external backdrop and faster progress on disinflation. The board noted improved global conditions, supported by the US Federal Reserve’s December rate cut, expectations for further easing next year, firmer equity markets, and copper prices rising above $5 per pound. Domestically, activity and demand have broadly matched the September IPoM, with non mining GDP meeting expectations and investment, particularly in machinery and equipment, strengthening, even as overall growth was held back by a weak mining sector. The labour market has improved as the unemployment rate has declined in recent months, though job creation remains limited. Inflation has eased faster than anticipated, with both headline and core inflation at 3.4% year on year in November and two year expectations anchored near 3%, consistent with inflation converging to target by Q1 2026.
2025-12-16
Chile Maintains Rate at 4.75%
The Central Bank of Chile left its benchmark interest rate unchanged at 4.75% in a unanimous decision during its October meeting, as expected. The board noted that the external environment has evolved largely as projected, with the US Federal Reserve cutting rates amid signs of labour market weakness and a partial US government shutdown. Global financial markets have performed favourably overall, while oil prices fell slightly and copper rose sharply on supply constraints and geopolitical factors. Domestically, activity and demand have evolved in line with projections from the September IPoM, with August’s Imacec contracting 0.7% month on month but rising 0.5% year on year, while the non-mining component increased 1.7%. The labour market continues to send mixed signals, with a mild decline in unemployment and slowing wage growth. Total inflation reached 4.4% in September and core inflation 3.9%, both in line with forecasts, while two-year inflation expectations remain around 3%.
2025-10-28