Chile interest rate expected to remain at 11.25% until next year -cenbank poll

Chile interest rate expected to remain at 11.25% until next year -cenbank poll
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  • Argentina

Chile's central bank is expected to keep the country's benchmark interest rate to 11.25% at its December and January meetings, a poll of traders showed on Thursday, as the world's top copper producer tries to rein in high inflation.

The poll added that the rate is expected to drop to 10.75% in its April meeting next year, with the rate reaching 8% in 12 months.

Traders expect the Andean country's consumer prices to rise by 0.8% in October and 0.5% in November, with inflation reaching 6.0% in 12 months the poll showed.

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