Economics
Chile Keeps Most Expansive Monetary Policy in the Americas
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Chile’s central bank left its benchmark interest rate unchanged for a 10th month, maintaining the most expansive monetary policy in the Americas even as the peso slumps and inflation accelerates.
The policy committee, led by bank President Rodrigo Vergara, kept the key rate at 3 percent Thursday, following eight reductions in the year through October. The decision was forecast by all 26 analysts surveyed by Bloomberg.