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Market Update: Bank of Chile Keeps Interest Rate at Record Low
Chile’s central bank held its benchmark interest rate at a record low of 0.50% on 8 June 2021, as widely expected. Policymakers said that the prospects for economic recovery have improved as vaccine rollouts lead to a reopening of the economy. However, the Council noted that high levels of consumption and private spending represent a significant change for the macroeconomic scenario, making it necessary to adjust the expansiveness of monetary policy in the future. source: Banco Central de Chile [/s2If]
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