MNI BCCh Review – Mar 2025: Cautious Stance Maintained

Download Full Report Here

Executive Summary

• The Board of the Central Bank of Chile decided to keep the monetary policy interest rate unchanged at 5.00% for a second consecutive meeting, as expected, in a unanimous decision.
• The statement continued to strike a cautious tone, emphasising the significant risks to the outlook, which still points to an extended pause in the easing cycle ahead.
• Analysts continue to see the central bank remaining on hold for the next few meetings, although some still see scope for additional rate cuts in H2 as external uncertainties ease.