Chile Interest Rate

Last Release
Sep 2019
Actual
2 %
Forecast
1.75 %
Previous
2.5 %
Frequency
Daily
Units In
%
Next Release
Oct 23, 2019
Time to Release
4 Days 12 Hours
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Highest
Lowest
Average
Date Range
Source
14 %}
Oct 1998
0.5 %
Jun 2010
4.59 %1995 - 2019Banco Central de Chile
In Chile, interest rate decisions are taken by The Central Bank of Chile (Banco Central de Chile). The official interest rate is monetary policy interest rate (PDBC Pagarés Descontables del Banco Central) which is overnight interbank interest rate.

Latest Updates

The Central Bank of Chile cut its benchmark interest rate by 50 bps to 2 percent at its 3 September 2019 meeting. The unanimous decision was backed by a 10 bps decline in headline inflation (2.2% YoY in July) and triggered by a worsening of the external economic scenario. Policymakers noted that activity, exports and domestic demand indicators came below expectations since the last meeting. They also mentioned that growth expectations for 2019 were revised down to 2.6 percent. They underscored that the convergence of inflation to target will probably take longer than expected, which justifies further monetary stimulus.

Chile Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 3, 201922:10Chile Cuts Interest Rate By 50 Bps to 2%
Jul 19, 201909:29Chile Keeps Interest Rate at 2.50%
Jun 7, 201923:03Chile Central Bank Surprises with 50-Bps Cut
May 10, 201909:40Chile Holds Interest Rate at 3%
Mar 29, 201921:55Chile Holds Policy Interest Rate at 3%

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

Chile money Indicators

All Chile indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
150,965
Jul 2019
149,867
Jun 2019
19,067
Jan 1998
150,965
Jul 2019
CLP MillionMonthly1998 - 2019
Central Bank Balance Sheet
26,832
Aug 2019
27,752
Jul 2019
10,730.92
Sep 1998
28,048
Mar 2019
CLP MillionMonthly1998 - 2019
Deposit Interest Rate
2.7
Dec 2018
2.9
Dec 2017
1.75
Dec 2010
48.68
Dec 1982
%Yearly1980 - 2018
Foreign Exchange Reserves
38,924.9
Sep 2019
39,525.5
Aug 2019
1,998.9
May 1983
42,302.7
Sep 2013
USD MillionMonthly1982 - 2019
Interbank Rate
1.98
Oct 2019
1.98
Oct 2019
0.06
Apr 2010
7.45
Dec 2011
%Daily2002 - 2019
Interest Rate
2
Sep 2019
2.5
Aug 2019
0.5
Jun 2010
14
Oct 1998
%Daily1995 - 2019

Interest Rate across South America

Interest Rate global view
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Country
Last
Previous
Min
Max
Unit
Frequency
Range
Argentina
68
Oct 2019
68.02
Oct 2019
1.2
Mar 2004
1,389.88
Mar 1990
%Daily1979 - 2019
Bolivia
3.36
Aug 2019
3.04
Jul 2019
0.77
Apr 2010
28.51
Apr 1991
%Daily1990 - 2019
Brazil
5.5
Sep 2019
6
Aug 2019
5.5
Sep 2019
45
Mar 1999
%Daily1999 - 2019
Chile
2
Sep 2019
2.5
Aug 2019
0.5
Jun 2010
14
Oct 1998
%Daily1995 - 2019
Colombia
4.25
Sep 2019
4.25
Aug 2019
3
Oct 2010
32
Nov 1998
%Daily1998 - 2019
Ecuador
8.65
Sep 2019
8.74
Aug 2019
6.67
May 2018
72.6
Jan 2000
%Daily1970 - 2019
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