Chile's central bank 50bp rate hike, to 11.25%. Will maintain there as long as needed.

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Chile's central bank 50bp rate hike, to 11.25%. Will maintain there as long as needed.

<p>Central Bank of Chile:</p><ul><li>raised overnight rate by 50bps, an expected decision </li><li> to 11.25%</li><li> the Bank says it now estimates the rate has reached its maximum for this cycle</li><li>and says it'll maintain rates at the current level for as long as needed to bring inflation back down to its target</li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Chile's central bank 50bp rate hike, to 11.25%. Will maintain there as long as needed.

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