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In yet another attempt to slow inflation, the central bank led by President Jose De Gregorio raised its benchmark interest rate...by 50 basis points...to 4.5%...for the tenth time in 11 months.
“If inflation expectations moderate, we could return to the slower pace of increases,” predicts Chilean economist Doberti. “However, if inflation expectations don’t change, we probably will see another half-point increase.”
Consumer prices there rose 0.8% in March from February, the fastest since September 2009.
