UPDATE 1-Chile cenbank holds key rate at 3 pct for sixth straight month

April 16, 2015 9:21 PM

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SANTIAGO, April 16 (Reuters) - Chile's central bank held its benchmark interest rate steady at 3.0 percent on Thursday for a sixth consecutive month, as widely expected, and reiterated its neutral bias on future policy.

The central bank lowered the rate by 200 basis points between October 2013 and October 2014 to stimulate a flagging economy but has since paused to allow above-target inflation to cool.

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