Chile restarts rate cuts amid dovish tone on economic outlook

Policymakers voted unanimously to cut borrowing costs to 5.5%, as expected by nearly all analysts in a Bloomberg survey. — Bloomberg

SANTIAGO: Chile’s central bank lowered its key interest rate by a quarter percentage-point, playing down the risks of sustained inflation, while indicating borrowing costs could fall faster than previously expected in a dovish shift.

Policymakers voted unanimously to cut borrowing costs to 5.5%, as expected by nearly all analysts in a Bloomberg survey.