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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.
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 ...
On Friday, July 28, 2023, the Central Bank of Chile announced the strongest drop since 2009 in the monetary policy rate with a drop substantial 100 basic points from 11.25% to 10.25%, which led the dollar to have a strong rise as there began to be greater access to loans and as time deposits were not profitable, they led to reaching 860 pesos ...
This is a list of countries by annualized interest rate set by the central bank for charging ... Average inflation rate 2017–2021 (%) by WB ... Chile: 5.00 0.25:
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.
In Chile, a 20% inflation rate pushed the Central Bank of Chile to announce at the end of 1990 an inflation objective for the annual inflation rate for the year ending in December 1991. [19] However, Chile was not regarded as a fully-fledged inflation targeter until October 1999.
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