Chile's central bank only considered rate hold in May - minutes

miércoles 1 de junio de 2016 08:40 GYT

SANTIAGO May 31 (Reuters) - Chile's central bank considered no other options when it held the rate steady at 3.5 percent at its monthly monetary policy meeting in May, minutes from that meeting showed on Wednesday.

In recent meetings, it had also considered a rate hike in order to cool stubbornly high inflation, but that was now falling in line with expectations, the minutes said. (Reporting by Santiago newsroom)