June 16, 2020 / 10:17 PM / 19 days ago

Chile central bank maintains interest rate at 0.5%

SANTIAGO, June 16 (Reuters) - Chile’s central bank held its benchmark interest rate steady at 0.5% on Tuesday, as expected by the market as the country suffers its most painful weeks so far of the coronavirus outbreak.

The world’s No. 1 copper producer has kept its interest rate steady since successive cuts up until late March, when it warned of a “severe” economic contraction as a result of the virus spread. (Reporting by Aislinn Laing Editing by Chris Reese)

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