Chile’s central bank cut its benchmark interest rate by half of a percentage point, slowing the pace of easing for the second straight meeting while also indicating additional reductions are on the horizon. Policymakers lowered borrowing costs to 6% late Thursday as widely expected, following prior cuts of 75 and 100 basis points. Board members have now reduced rates by a total of 5.25 percentage points since last July. In a statement, board members reiterated borrowing costs will continue to fall in line with their most recent projections, adding that both economic growth and inflation have evolved according to expectations.
https://www.yahoo.com/news/chile-central-bank-slows-easing-232300361.html
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