Chile’s central bank indicated it could accelerate Latin America’s most aggressive series of interest rate cuts after inflation slowed more than expected. Several policymakers considered a reduction of 100 or 125 basis points in January, while one wanted to weigh a drop of 150 basis points, according to the minutes of last month’s meeting, when the bank lowered borrowing costs by a percentage point to 7.25%. Some board members said lowering rates by more than a percentage point risked fueling volatility.
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