Key data points
Last release
—
Observation period
Dec 17, 2024
Next release
—
Forecast
—
Highest
14.00 % on Oct 1, 1998
Lowest
0.50 % on Jun 8, 2021
About Chile interest rate
In Chile, interest rate decisions are taken by The Central Bank of Chile (Banco Central de Chile). The official interest rate is monetary policy interest rate (PDBC Pagarés Descontables del Banco Central) which is overnight interbank interest rate.
Related indicators
Frequently Asked Questions
Chile interest rate is 5% at the moment.
Last month Chile interest rate was 5%, and the month before that it amounted to 5.25%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.