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Chile central bank rate hike - says now nearing the top for rates

Started by forex4you, Sep 07, 2022, 04:57 am

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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

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