Central Bank of Chile Cuts Rate 25bps to 5.00%

The Banco Central de Chile cut its monetary policy interest rate by 25 basis points to 5.00% from 5.25% previously. The Bank noted: "Domestically, output and demand have evolved in line with forecasts in the latest Monetary Policy Report. The labor market is still tight. The money market has normalized, while financing conditions for some agents are tighter than a few months ago.