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15 June 2011

CHILE: Raises Overnight Rate By Modest 25 Bps...To 5.25%

BLOOMBERG

As widely expected, the central bank raised its overnight rate by only 25 bps to 5.25%...slowing its pace of recent rate increases.

Chile's $203bn usd economy zoomed ahead by 9.8% in Q1 from 2010...the fastest quarterly growth since 1995.

Annual inflation is expected to register about 3.5%.