Chile Raises Benchmark Rate To 4.5%

Chile has raised its benchmark overnight lending rate again, from 4.25% to 4.50%, to help curb inflation. This is the eleventh rate hike since last September. The Central Bank raised the overnight rate 25 basis points last month. Annual inflation rose to 4.1% in October from 3.9% through September, the highest rate in two-and-a-half years.