Chile interest rate

Chile interest rate closed down 5 as of December 17, 2024 from 5.25 from the previous day, 5.75 last week and 11.25 last month.

Chile interest rate Analytics & Data

Chile interest rate Statistics

Chile interest rate Quantitative Analysis, Charts & Factors

Chile interest rate Historical Data

The MacroVar database offers free access to historical data for the Chile interest rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Chile interest rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Chile interest rate

The Chilean interest rate refers to the rate at which the Central Bank of Chile lends money to commercial banks in the country. This rate is a key tool used by the Central Bank to control inflation and stimulate economic growth. A higher interest rate makes borrowing more expensive, which can help to slow down inflation by reducing consumer spending. On the other hand, a lower interest rate makes borrowing cheaper, which can encourage businesses and consumers to spend and invest, thus stimulating economic activity. The Chilean interest rate is closely monitored by investors and economists as it can have a significant impact on the country's economy.