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In October 1999 Chile introduced "fully-fledged inflation targeting". [13] According to Pablo García Silva, member of the board of the Central Bank of Chile, this has allowed to attenuate inflation. García Silva exemplifies this with the limited inflation seen in Chile during the 2002 Brazilian general election and the Great Recession of 2008 ...
The lowest monthly figure since February took Chile's 12-month rate of consumer price increases to 12.8%, still far above the central bank's target range of 2% to 4% but also below the 13.7% seen ...
Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate minus average inflation rate (2017–2021) Afghanistan: 6.00 3.00: 24 July 2021 [3] 3.38 2.62 Albania: 2.75 0.25: 6 November 2024 [4] 1.78 0.97 Algeria: 3.00 0.25: 29 April ...
The Central Bank of Chile (Spanish: Banco Central de Chile) is the central bank of Chile. It was established in 1925 and is incorporated into the current Chilean Constitution as an autonomous institution of constitutional rank. Its monetary policy is currently guided by an inflation targeting regime.
Chile's central bank raised its inflation expectations on Wednesday to 11.4% from 10.8% in its quarterly monetary policy report, reinforcing bets of more rate hikes to come to combat rising prices.
Chile's monetary authority is the Central Bank of Chile (CBoC). The CBoC pursues an inflation target of 3%, with a tolerance range of 1% (below or above). [86] Inflation has followed a relatively stable trajectory since the year 2000, remaining under 10%, despite the temporary surge of some inflationary pressures in the year 2008.
The term "fan chart" was coined by the Bank of England, which has been using these charts and this term since 1997 in its "Inflation Report" [1] [2] to describe its best prevision of future inflation to the general public. Fan charts have been used extensively in finance and monetary policy, for instance to represent forecasts of inflation.
Mervyn King became the first Governor to do so in April 2007, when inflation ran at 3.1% against a target 2%. [38] Since 1996 the United Kingdom has also tracked a Consumer Price Index (CPI) figure, and in December 2003 its inflation target was changed to one based on the CPI [39] normally set at 2%. [40]