Chile

Key Facts

—Decision The Banco Central de Chile unanimously held the Chile interest rate at 4.5% on July 28, 2026, the fifth consecutive meeting with no change.

—Inflation Annual inflation was running at 3.9% in May 2026, with the central bank raising its year-end forecast to 4.2%, above the target.

—Growth The central bank cut its 2026 GDP growth projection to a range of 1.0% to 1.75%, while the finance ministry cut its 2026 forecast to 2.1%.