UPDATE 1-Chile central bank holds interest rate at 3.5 pct

June 16, 2016 10:35 PM

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SANTIAGO, June 16 Chile's central bank kept its benchmark interest rate steady at 3.5 percent on Thursday, as widely expected, but signaled further rate hikes to rein in above-target inflation.

Inflation has remained above the ceiling of the central bank's 2 to 4 percent tolerance range for the better part of the last two years, though the bank has said it sees it easing in coming months.

Also read: Draghi Defends ECB’s Easy-Money Policies

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