Chile's central bank holds interest rate at 3.5 pct

jueves 11 de agosto de 2016 18:06 GYT
 

SANTIAGO Aug 11 (Reuters) - Chile's central bank held the benchmark interest rate at 3.5 percent on Thursday, as expected, adjusting its bias towards a more neutral stance as inflation has cooled.

The bank has kept the interest rate on hold since January. Previously its bias was toward gradual future hikes, as it balanced the need to stimulate a weak economy with fears of fanning above-target inflation. (Reporting by Santiago bureau; Editing by Chris Reese)