Chile central bank rate hike - says now nearing the top for rates<p>The Central Bank of Chile (Banco Central de Chile) has raised its overnight rate to 10.75% from 9.75% prior.</p><ul><li>The 100bp rate hike is above the +75 that was the consensus expected. </li></ul><p>In its statement the Bank said the policy rate is now near the maximum that was outlined in the central scenario September quarterly report. </p><p>Check this out on the disease central bankers have right now:</p><ul><li><a href="https://www.forexlive.com/centralbank/central-bank-groupthink-is-an-ongoing-disaster-20220905/" target="_blank" data-article-link="true">Central bank groupthink is an ongoing disaster</a></li></ul><p>Chilean TPM rate (not updated with today's decision yet):</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Chile central bank rate hike - says now nearing the top for rates (https://forexlive.com/centralbank/chile-central-bank-rate-hike-says-now-nearing-the-top-for-rates-20220906/https://forexlive.com/centralbank/chile-central-bank-rate-hike-says-now-nearing-the-top-for-rates-20220906/)
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