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The Central Bank of Chile continues to increase interest rates.
In the second meeting, the Bank decided to increase the policy rate. Accordingly, the policy rate was increased by 150 basis points to 7 percent.
The expectation of economists participating in the Bloomberg survey was to increase the interest rate to 7.50 percent.
In the text of the decision, the Bank emphasized the downward momentum in the economy and gave the message that if the main scenarios in the March meeting are realized, subsequent interest rate increases will be more limited.
In February, inflation in the country reached 7.8 percent, the highest level since 2008. The country, which imported all the oil it used, was adversely affected by the increase in energy prices.
