November 24, 2016 / 12:42 PM / a year ago

Chile central bank head says policy will not automatically react to inflation

SANTIAGO, Nov 24 (Reuters) - Inflation moving temporarily outside the central bank’s target range should not automatically spark a reaction in monetary policy, said Chile central bank head Rodrigo Vergara on Thursday.

Monetary policy should be flexible but not react to short-term volatility in price changes, as long as expectations remain anchored to 3 percent on the policy horizon, said Vergara at a presentation in Santiago. (Reporting by Gram Slattery; Editing by Lisa Shumaker)

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