Chile central bank holds interest rate at 3.5 pct, as expected

jueves 14 de julio de 2016 18:03 GYT

SANTIAGO, July 14 (Reuters) - Chile's central bank kept the benchmark interest rate steady at 3.5 percent on Thursday, as widely expected, maintaining its bias toward gradual rate hikes.

The bank has kept the interest rate steady since raising it by 50 basis points in late 2015 to help contain stubbornly high inflation. (Reporting by Santiago bureau; Editing by Chris Reese)