Chile cenbank chief: rates to keep falling if economy, inflation stable

Chile's central bank President Rosanna Costa said on Tuesday that she expects interest rates to keep falling if economic factors and inflation remain stable.

Costa said the bank had already cut the benchmark interest rate by 400 points since last July as "economic developments advances coherently with what was needed for inflation convergence." The last cut was to 7.25% in January.

"We foresee that the (interest rate) will continue falling," Costa said in a statement published by the bank.