Chile Holds Benchmark Rate at 4.50% in September, Extending Pause in Easing Cycle

Chile’s central bank kept its key interest rate unchanged at 4.50% in its September 2026 decision, maintaining the same level set at its previous meeting in July 2026. The move confirms a continued pause in the bank’s rate-cutting cycle, signaling a wait-and-see approach as policymakers monitor inflation dynamics and broader economic conditions.

By holding the benchmark rate steady at 4.50%, the central bank leaves borrowing costs unchanged for households and businesses for at least another meeting. The decision suggests that authorities may be seeking more evidence on price stability and growth trends before deciding on any further monetary adjustments.

The latest update, dated 8 September 2026, indicates that the policy stance remains on hold, with markets likely to focus on upcoming inflation readings and economic data for clues on the timing and direction of the next rate move.