Oil Shock Kills Chile’s Rate Cut Plans

2026-03-23 - 18:00

Key Points —Chile’s central bank is expected to hold its benchmark rate at 4.5% on Tuesday, abandoning a rate cut that was consensus just weeks ago, after oil prices surged more than 50% this month. —The Kast government warned it may lack funds to sustain the MEPCO fuel price stabilization mechanism, which is costing up