Chilean MPC says it will keep stimulus in place

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The Central Bank of Chile

The Central Bank of Chile’s monetary policy committee says it will maintain and, if necessary, expand its stimulus package to tackle the effects of Covid-19.

On July 15, the MPC unanimously decided to maintain interest rates at a record low of 0.5%. It will also keep to the rate of asset purchases it announced in previous policy meetings, buying $1.5 billion in assets over the next four weeks.

“The board reiterates that it will maintain a strong monetary impulse for a prolonged period of time

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