Chile central bank keeps benchmark interest rate unchanged at 0.5 pct

Credit: REUTERS/IVAN ALVARADO

SANTIAGO, July 15 (Reuters) - Chile's central bank kept its benchmark interest rate steady at 0.5% on Wednesday as per market expectations as the country continues to suffer the economic drag associated with the novel coronavirus pandemic.

The world's No. 1 copper producer has kept its interest rate steady since successive cuts up until late March, when it warned of a "severe" economic contraction as a result of the virus spread.

(Reporting by Aislinn Laing; Editing by Sandra Maler)

((Aislinn.Laing@thomsonreuters.com; +56 223704250;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.