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Chile Keeps Rates on Hold as Covid Surge Hobbles Activity

Chile Keeps Rates on Hold as Covid Surge Hobbles Activity Matthew Malinowski, Bloomberg News BC-Chile-Keeps-Rates-on-Hold-as-Covid-Surge-Hobbles-Activity , Matthew Malinowski (Bloomberg) Chile’s central bank held its benchmark interest rate at a record low as tighter lockdowns and an unprecedented surge in virus cases reinforce the need for stimulus in one of Latin America’s richest nations. In a unanimous decision, the bank’s board, led by its President Mario Marcel, kept the overnight rate at 0.5% for the eighth straight meeting on Tuesday. The decision was expected by all 14 analysts surveyed by Bloomberg. The rate “will remain at its minimum of 0.5% until the economic recovery takes hold and spreads to the most lagging areas of spending, which will still take several quarters.”

Mayor of London visits Chile, virtually

Mayor of London visits Chile, virtually
governmentcomputing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governmentcomputing.com Daily Mail and Mail on Sunday newspapers.

Mayor of London visits Chile, virtually

Mayor of London visits Chile, virtually
governmentcomputing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governmentcomputing.com Daily Mail and Mail on Sunday newspapers.

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