SANTIAGO (Reuters) -Chile’s central bank is expected to lower its benchmark interest rate by 25 basis points to 4.75% at its monetary policy meeting on July 28, a poll of analysts released by the bank showed on Thursday.
According to the poll, traders estimate the benchmark rate will continue its downward trend and reach 4.5% within five months.
The analysts also estimated consumer prices in the Andean country would rise 0.6% in July compared to the previous month.
(Reporting by Aida Pelaez-Fernandez and Natalia Ramos Miranda; Editing by Andrew Cawthorne)
