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Chile Interest Rate

Last Release
May 2020
Actual
0.5 %
Forecast
0.25 %
Previous
0.5 %
Frequency
Daily
Units In
%
Next Release
Jun 16, 2020
Time to Release
11 Days 20 Hours
Highest
Lowest
Average
Date Range
Source
14 %
Oct 1998
0.5 %
Jun 2010
4.52 %1995 - 2020Banco 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 held its benchmark interest rate at 1.75 percent in its 4 December 2019 meeting. The unanimously-voted move follows three rate cuts in the year that brought borrowing costs to its lowest since 2010, as social unrest has significantly dented growth prospects, triggered currency depreciation and threatened price stability ahead. Policymakers underscored that interest rates have climbed; uncertainty has spiked; demand has been affected, and expectations have deteriorated. They also mentioned that it is still too soon to determine whether slack capacity or significant currency depreciation will have more effect on inflation trends. Policymakers added that they will continue to conduct monetary policy with flexibility, so that projected inflation stands at 3% over the two-year horizon.

Chile Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 4, 201923:18Chile Holds Interest Rate at 1.75% Amid Social Unrest
Oct 23, 201921:42Chile Cuts Interest Rate to 1.75% Amid Social Unrest
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

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Chile money Indicators

All Chile indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
163,367
Nov 2019
156,854
Oct 2019
19,067
Jan 1998
163,367
Nov 2019
CLP MillionMonthly1998 - 2019
Central Bank Balance Sheet
22,923
Mar 2020
26,742
Feb 2020
10,730.92
Sep 1998
28,048
Mar 2019
CLP MillionMonthly1998 - 2020
Deposit Interest Rate
2.7
Dec 2018
2.9
Dec 2017
1.75
Dec 2010
48.68
Dec 1982
%Yearly1980 - 2018
Foreign Exchange Reserves
36,861
Apr 2020
37,945.4
Mar 2020
1,998.9
May 1983
42,302.7
Sep 2013
USD MillionMonthly1982 - 2020
Interbank Rate
0.45
Jun 2020
0.45
Jun 2020
0.06
Apr 2010
7.45
Dec 2011
%Daily2002 - 2020
Interest Rate
0.5
May 2020
0.5
Mar 2020
0.5
Jun 2010
14
Oct 1998
%Daily1995 - 2020

Interest Rate across South America

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Argentina
38
Apr 2020
38
Apr 2020
1.2
Mar 2004
1,389.88
Mar 1990
%Daily1979 - 2020
Bolivia
2.94
Apr 2020
4.1
Mar 2020
0.77
Apr 2010
28.51
Apr 1991
%Daily1990 - 2020
Brazil
3
May 2020
3.75
Mar 2020
3
May 2020
45
Mar 1999
%Daily1999 - 2020
Chile
0.5
May 2020
0.5
Mar 2020
0.5
Jun 2010
14
Oct 1998
%Daily1995 - 2020
Colombia
2.75
May 2020
3.25
Apr 2020
2.75
May 2020
32
Nov 1998
%Daily1998 - 2020
Ecuador
8.98
May 2020
8.4
Apr 2020
6.67
May 2018
72.6
Jan 2000
%Daily1970 - 2020

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