Chile interest rate
Central Bank of Chile
- Policy rate
- 4.50%
- Sep 22, 2026
- Last move
- −0.25 pt
- Dec 2025
- Inflation
- 4.1%
- Aug 2026
- 10-year bond yield
- 5.55%
- Jul 2026
The policy rate set by the Central Bank of Chile is 4.50% as of Sep 22, 2026. Its most recent move: it cut its rate from 4.75% to 4.50% (Dec 2025). The rate is 0.25 percentage points lower than a year earlier. With consumer prices up 4.1% over the 12 months to Aug 2026, the real rate (policy rate minus inflation) is +0.4%: borrowing costs are above inflation.
Policy rate over the past two years
Sep 22, 2026: 4.50%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| Dec 2025 | Cut | 4.75% | 4.50% | −0.25 pt |
| Jul 2025 | Cut | 5.00% | 4.75% | −0.25 pt |
| Dec 2024 | Cut | 5.25% | 5.00% | −0.25 pt |
| Oct 2024 | Cut | 5.50% | 5.25% | −0.25 pt |
| Sep 2024 | Cut | 5.75% | 5.50% | −0.25 pt |
Changes between month-end rates, plus the latest daily reading. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Aug 2026: 4.1%
10-year government bond yield
Jul 2026: 5.55%
Other central banks in South America
Source: BIS; inflation: IMF CPI; bond yield: OECD. Updated daily. All central bank rates · Chile economy dashboard