Chile’s Kast Visits Central Bank After 4.1% Inflation
President Kast lunched with Chile's central bank Board on Friday, after Finance Minister Quiroz said inflation is the bank's job. Rates stay at 4.50%. The post Chile’s Kast Visits Central Bank After 4.1% Inflation appeared first on The Rio Times .
On Friday, 9 October, Chile's President José Antonio Kast visited the Central Bank of Chile in Santiago, alongside Finance Minister Jorge Quiroz. The visit, described by the presidency as a protocol visit, aimed to discuss the country's economic evolution and analyze the economic scenario with the bank's Board. The meeting aimed to address the recent inflation figures and discuss potential measures to curb price growth.
The bank's Board is the only entity authorized to set interest rates, which have remained at 4.50% since late December. Inflation in September rose by 0.4% year-over-year, with annual inflation standing at 4.1%. Both Kast and Quiroz emphasized the Central Bank's responsibility for price stability and admission that inflationary pressures persist.
The visit coincides with Costa's tenure as Central Bank President, which ends on 3 February 2027, and may lead to a political choice regarding her successor.
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