Chile's central bank announced a cut in its benchmark interest rate to 8.25% Tuesday. This comes as the country's monetary authority sees a decrease in inflation pressures.
The bank noted in a statement that the global financial condition of the country evolved in recent weeks, which helped reverse the "significant tightening observed at the time of the October Monetary Policy Meeting," adding that compared to that month, U.S. long-term interest rates have been reduced to less than 4%.
