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Chile central bank keeps benchmark interest rate unchanged at 0.5 pct

Credit: REUTERS/IVAN ALVARADO

Chile's central bank kept its benchmark interest rate steady at 0.5% on Thursday, in line with expectations, as the country maintains its efforts to revive the economy following the coronavirus pandemic.

SANTIAGO, Oct 15 (Reuters) - Chile's central bank kept its benchmark interest rate steady at 0.5% on Thursday, in line with expectations, as the country maintains its efforts to revive the economy following the coronavirus pandemic.

A central bank poll of traders last week predicted Chile's rate, its lowest in a decade, would remain unchanged for the next year at least.

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.

(Reporting by Cassandra Garrison Editing by Chris Reese)

((Cassandra.Garrison@thomsonreuters.com; +54 11 5830 7443;))

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