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Chile’s central bank said there are inflation risks that “should not be ignored or downplayed” and that any moves to its interest rate require a careful analysis, according to the minutes to its last policy meeting.
Several board members said threats to inflation had increased, policymakers wrote in the minutes to their Sept. 9 decision, when they held borrowing costs steady at 4.75%. Chile’s consumption could become even stronger, labor costs will rise further and also the global outlook continued to pose price risks, policymakers wrote in the document published on Friday.