world-economy

Chile Central Bank Maintains Rate at 4.5% Amid Economic Headwinds

Chile's central bank held its benchmark interest rate steady at 4.5% on Tuesday, marking the fourth consecutive meeting without adjustment. Board members led by Rosanna Costa kept borrowing costs unchanged, a decision that aligned with analyst expectations surveyed ahead of the announcement. The hold comes as economic activity weakens domestically, though fallout from this year's fuel cost surge has remained contained so far. Policymakers last reduced rates in December and have since signaled intentions to maintain the current level for an extended period. That stance reflects ongoing uncertainty from geopolitical tensions in the Middle East, which complicate monetary policy decisions for regional central banks.