“Local economic indicators show that the pace of expansion of output and demand has slowed further,” the central bank said. “The board will consider the possibility of making additional cuts.”
Looking ahead, analysts don’t expect the cuts to act as an immediate solution.
“The economy is running close to half of its potential and as a result we continue to expect growth momentum to be modest at best,” Dev Ashish, Latin American strategist at Societe General, said in the article.
iShares MSCI Chile Capped ETF
For more information on Chile, visit our Chile category.
Max Chen contributed to this article.