Chile traders see interest rate rising to 5.25pc in 12 months

SANTIAGO: Chile's central bank is expected to keep its benchmark interest rate steady at the current 5.0 percent next month, but the rate is still seen inching up to 5.25 percent in 12 months, the bank's fortnightly poll of traders showed on Wednesday.

The poll predicted rates would be at 5.0 percent in three and six months.

The previous traders' poll earlier this month also saw rates steady at 5.0 percent in three and six months and rising to 5.25 percent in 12 months.

On inflation, the expectations in Wednesday's poll were that the consumer price index would rise 0.3 percent in March, according to the median forecast of 55 traders.