Chile's central bank lowered its benchmark interest rate to 9.5% from 10.25%

<p>Banco Central de Chile with a 75bp rate cut.</p><ul><li>a 100 bp cut was the consensus expected</li><li>cites falling inflation, was 6.5% in July, down from 7.6% in June (peaked just over 14% in August 2022) … </li><li>"The macroeconomic scenario has evolved as anticipated,
projecting that inflation will converge to the 3% target in the
second part of 2024"</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.