Chile's cenbank holds key rate at 3 pct, signals near-term hike
SANTIAGO, Sept 15 (Reuters) - Chile's central bank held the benchmark interest rate at 3.0 percent on Tuesday, as expected, saying however that it will need to reduce its current "elevated" monetary stimulus in the short-term considering the evolution of inflation and recent data.
The bank has maintained the interest rate at 3 percent since October 2014, caught between a weak economy and fears of fanning stubbornly high inflation. (Reporting by Anthony Esposito; Editing by Chris Reese)
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