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Published on Friday, June 17, 2016 | Updated on Sunday, July 15, 2018

Chile | Central bank kept policy rate at 3.5% and modifies the restrictive tone

The Board stressed that the pace of future adjustment will be the implicit in its latest baseline scenario. Nonetheless, points out that a significant deviation of the convergence of the inflation may change said pace, which we interpret as a hawkish tone for the Monetary Policy Rate, due the risk for a more depreciation from the volatility in the international scenario.

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