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SANTIAGO, Oct 3 (Reuters) - Chile's central bank considered initiating an easing cycle for the first time in two years, although in the end the board unanimously decided to leave the benchmark interest rate on hold, minutes from its September meeting showed on Monday.
The bank has kept the rate at 3.5 percent since December, as continued weakness in the economy and cooling inflation dissauded it from tightening. (Reporting by Rosalba O'Brien)