Chile reduces interest rates for fourth time in six months

Source: Bloomberg
© Scanpix/FP
The central bank of Chile has cut the interest rates to 4%, which is the fourth time in half year time. The economy in Chile has advanced 1.4% in January, thus still having the slowest economic growth in four years, after the destructive earthquake in year 2010. Despite the slow slow growth at the beginning of the year, the policy makers expect the economy to expand from 3.75% to 4.75% this year.
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