Chile Central Bank Says Rising Inflation Forecasts Require Caution

Chile’s central bank said rising short-term inflation forecasts require cautious monetary policy and that including pauses in the institution’s yearlong easing campaign is reasonable. Central bankers weighed options of a quarter-point cut or holding the interest rate steady at their July 31 decision, policymakers wrote in the minutes to that meeting, when they paused by keeping borrowing costs unchanged at 5.75%. A weaker peso and electricity bill hikes pushed up the inflation outlook for later this year.

https://www.bloomberg.com/news/articles/2024-08-16/chile-central-bank-says-rising-inflation-forecasts-require-caution?srnd=homepage-africa