Chile Cuts Half Point

Chile’s central bank has cut rates by 50bp to 1.75%. The bank says its decision is based on falling inflation, which stands at 5.00%. The bank says there is a possibility of further rate cuts. The rate of easing was in line with consensus. Bulltick Capital predicts easing to 1.25% by year-end. Bank of America-Merrill Lynch also believes the central bank will cut another 25bp in May.