July 28, 2017 / 12:40 PM / a year ago

Chile bank board was divided on decision to hold rate - minutes

SANTIAGO, July 28 (Reuters) - Chile’s central bank board did not unanimously vote to keep the benchmark interest rate on hold at its meeting earlier this month, with one board member electing to cut the rate 25 basis points, minutes from that meeting showed.

The bank left the rate unchanged at 2.5 percent and maintained a neutral bias at its July 13 meeting, although strong deflation in June had raised expectations of a rate reduction in the near term.

Reporting by Rosalba O'Brien; Editing by Bernadette Baum

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