Chilean policy makers yesterday slowed the pace of interest-rate increases as growth in South America’s fifth-biggest economy eases and inflation expectations decline.
The central bank’s five-member policy board, led by bank President Jose De Gregorio, raised the overnight rate by a quarter-point to 5.25 percent, matching the forecast of 16 of 19 economists surveyed by Bloomberg. Two analysts expected a fourth straight half-point increase and one forecast a pause.
The central bank’s five-member policy board, led by bank President Jose De Gregorio, raised the overnight rate by a quarter-point to 5.25 percent, matching the forecast of 16 of 19 economists surveyed by Bloomberg. Two analysts expected a fourth straight half-point increase and one forecast a pause.
