November 28, 2012 / 11:41 AM / in 5 years

Chile cenbank only weighed rate hold in Nov.- minutes

SANTIAGO, Nov 28 (Reuters) - Chile’s central bank only considered keeping its key interest rate on hold as an option in November, when it held it steady at 5.0 percent for a 10th consecutive month, as expected, minutes of the meeting showed on Wednesday.

The rate remains within a neutral range and the decision to keep the rate steady was unanimous, the minutes said.

Rates have stayed on hold since a cut in January largely because the world’s No. 1 copper producer has shown better-than-expected resilience to slowing demand from top trade partner China and fallout from the euro zone’s crisis.

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