Chile central bank holds key rate steady, says future cuts possible

jueves 15 de mayo de 2014 18:06 GYT
 

SANTIAGO May 15 (Reuters) - Chile's central bank kept its key interest rate on hold at 4.0 percent for a second consecutive month on Thursday, as expected, after a recent spike in consumer prices pushed annual inflation above the bank's tolerance range.

The bank reiterated in its post-meeting statement that it will consider future rate cuts depending on the evolution of domestic and external macroeconomic conditions and implications on the inflation outlook. (Reporting by Santiago bureau)