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Monetary Policy Rate, interest rate central bank of Chile
Charts - historic MPR interest rates
Graph Banco Central interest rate - interest rates last year |
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Graph Banco Central interest rate - long-term graph |
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Banco Central de Chile
The central bank of Chile is called Banco Central de Chile. The monetary policy of the central bank of Chile aims to maintain the value of the Chilean currency, which is reflected in a low and stable inflation. For an overview of current inflation in Chile, click here. To achieve this objective the Chilean central bank is:
- issuing banknotes and coins;
- regulating the financial system;
- regulating the amount of money and credit.
The Monetary Policy Rate provides an important tool to the Chilean central bank.
Monetary Policy Rate
When reference is made to the Chilean interest rate this often refers to the Monetary Policy Rate (MPR). The monetary policy rate is a base rate which provides the aim for the interbank transactions interest rate. Changing the monetary policy rate the central bank of Chile is steering the level of interbank interest rates. This has a direct impact on commercial interest rates on products like loans, mortgages and savings accounts.
This page shows the current and historic values of the Monetary Policy Rate (MPR) of the Banco Central de Chile.
For a summary of the current interest rates of a large number of central banks please click here.
Tables - current and historic interest rates of the central bank of Chile
Banco Central interest rate changes
| september 05 2023 |
9.500 % |
| july 28 2023 |
10.250 % |
| october 13 2022 |
11.250 % |
| september 06 2022 |
10.750 % |
| july 13 2022 |
9.750 % |
| june 07 2022 |
9.000 % |
| may 06 2022 |
8.250 % |
| march 29 2022 |
7.000 % |
| january 26 2022 |
5.500 % |
| december 14 2021 |
4.000 % |
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Summary of other central banks’ interest rates
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