Chile central bank holds key rate steady at 5.0 percent

SANTIAGO Tue Nov 13, 2012 4:09pm EST

SANTIAGO Nov 13 (Reuters) - Chile's central bank kept its benchmark interest rate on hold at 5.0 percent, as expected, on Tuesday for the tenth consecutive month as robust local growth offsets looming risks from a slowdown in global demand.

The median estimate of 18 economists and analysts polled by Reuters last week was for the monetary authority to keep the key lending rate steady at its meeting on Tuesday.