Chile Central Bank Holds Benchmark Rate Steady at 4.5% Amid Economic Risks

Chile's central bank held its benchmark interest rate steady at 4.5%, citing risks from Middle East conflict, local economic languor, and pandemic-era high unemployment.

• Chile's central bank keeps benchmark interest rate unchanged at 4.5%.
• Decision influenced by Middle East conflict risks and slow domestic recovery.
• Chile's economic activity is languishing with unemployment at pandemic-era highs.
• The central bank is expected to hold interest rates steady on Tuesday.