6 days ago
Chile Policymakers Say Quarter-Point Cut Was Only Option in July
Chile's central bank said a quarter-point interest rate cut was the 'only plausible option' at its most recent policy decision, according to the minutes to that meeting published on Wednesday.
The local economy had evolved largely in line with expectations, central bankers wrote in the minutes to the July 29 decision, when they cut borrowing costs to 4.75%. Several board members said the quarter-point reduction should not prompt 'any substantial change' in financial prices.
