Chile to cut interest rate by 75 bps in October -traders poll

Chile to cut interest rate by 75 bps in October -traders poll

Chile's central bank is expected to lower its benchmark interest rate by 75 basis points to 8.75% at its next monetary policy meeting in October, a poll of traders released by the bank showed on Tuesday.

That comes after the monetary authority delivered a 75-basis-point cut to 9.5% earlier this month. According to the fresh poll, the traders estimate the benchmark rate will reach 8% in December and 5.25% within twelve months. (Reporting by Fabian Andres Cambero and Gabriel Araujo; Editing by Steven Grattan)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.