Monetary Policy Rate - Chile Chilean Central Bank interest rate
This page shows the current and historic values of the Monetary Policy Rate as set by the Chilean Central Bank (Banco Central de Chile). The Monetary Policy Rate is often regarded as the most important interest rate of the Central Bank of Chile.
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Date
|
Rate
|
|---|---|
|
10-17-2024
|
5.25 %
|
|
09-04-2024
|
5.50 %
|
|
06-19-2024
|
5.75 %
|
|
05-23-2024
|
6.00 %
|
|
04-02-2024
|
6.50 %
|
|
02-01-2024
|
7.25 %
|
|
12-20-2023
|
8.25 %
|
|
10-26-2023
|
9.00 %
|
|
09-05-2023
|
9.50 %
|
|
07-28-2023
|
10.25 %
|
Chart CBoC Monetary Policy Rate
Historical interest ratesOur content is based on reliable sources. However, we do not accept liability for any errors. The content of this website is for informational purposes only and is not intended as financial advice. Decisions you make based on the information we display are always at your own expense and risk.
Banco Central de Chile
The central bank of Chile is called Banco Central de Chile. The monetary policy of the central bank of Chile aims to maintain the value of the Chilean currency, which is reflected in a low and stable inflation.
View the current and historical inflation in Chile
To achieve this objective the Chilean central bank is:
- issuing banknotes and coins;
- regulating the financial system;
- regulating the amount of money and credit.
Bank of Chile Monetary Policy Rate
When reference is made to the Chilean interest rate this often refers to the Monetary Policy Rate (MPR). The Monetary Policy Rate provides an important tool to the Chilean central bank. The monetary policy rate is a base rate which provides the aim for the interbank transactions interest rate.
By changing the monetary policy rate the central bank of Chile is steering the level of interbank interest rates. This often has a direct impact on commercial interest rates on products like loans, mortgages and savings accounts. The exchange rate of the Chilean peso can also be affected by an interest rate change.