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Chile Keeps Record-Low Key Rate on Covid Surge and Uneven Growth
Chile’s central bank held its benchmark interest rate at a record low as policy makers look past accelerating inflation and focus on an uneven economic recovery and a recent surge in coronavirus cases. The bank’s board, led by its President Mario Marcel, kept the overnight rate unchanged at 0.5% on Tuesday. The decision was expected by all 11 analysts surveyed by Bloomberg. Policy makers are keeping stimulus flowing amid lingering uncertainties over the recovery of one of Latin America’s richest nations. Greater government spending has helped economic activity hold up better than expected, and annual inflation ... (full story)