Chile’s central bank reaffirmed its plan to concentrate a large part this year’s rate cuts in the first half as the inflationary impact from a weak peso remains limited, according to the minutes of its last policy meeting. Board members agreed that a rate reduction of either 75 or 100 basis points was most appropriate, policymakers wrote in the minutes to their April meeting, when they slowed the pace of easing with a cut of 75 basis points.
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