UPDATE 1-Chile central bank head sees interest rates staying low for a while

April 23, 2015 4:31 PM

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SANTIAGO, April 23 (Reuters) - Chile's central bank will keep its benchmark interest rate "relatively low" for a prolonged period, bank Governor Rodrigo Vergara said on Thursday.

The bank cut the rate 200 basis points between October 2013 and October 2014 to stimulate a cooling economy, and it has said it will likely begin raising rates again toward the end of 2015 or the beginning of 2016, depending on how the economy and inflation evolve.

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