Chile's Central Bank Holds Policy Rate at 4.5% Citing Mideast Tensions and Domestic Weakness
The Central Bank of Chile maintained its monetary policy rate at 4.5% at a unanimous vote, marking the sixth consecutive meeting without a change. Policymakers pointed to escalating hostilities between the United States and Iran, which have pushed oil prices toward $100 per barrel, and continued gains in copper above $6.5 per pound. Domestically, t…