Monetary Policy Meeting – December 1998
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Press
Tuesday, December 22, 1998
The Board of the Central Bank decided to lowerthe monetary policy interest rate by seventy basis points from anannual UF plus 8.5% to UF plus 7.8% in view of the achievement ofinflationary targets and current-account deficit in 1998 and thereasonable certainty of fulfilling them again in 1999.
The Board of the Central Bank decided to lowerthe monetary policy interest rate by seventy basis points from anannual UF plus 8.5% to UF plus 7.8% in view of the achievement ofinflationary targets and current-account deficit in 1998 and thereasonable certainty of fulfilling them again in 1999.
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