Monetary Policy Group encourages Central Bank to raise interest rate to 6.25%

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SANTIAGO.- The Monetary Policy Group (GPM) made a recommendation to the Central Bank this morning to increase the monetary policy rate to 6.25% at the institution's upcoming meeting on Thursday. The rate is currently at 6%.

The group indicated that "given the current inflationary pattern, it will probably be necessary to increase the benchmark interest rate over the next few months in order to obtain an economic convergence within the desired range".

This time, the recommendation was made by economists Luis Felipe Lagos, Rodrigo Cerda and Ángel Cabrera, since Franco Parisi and Tomás Flores were not present.

On Thursday, the Central Bank will hold its first Monetary Policy Meeting of the year, during which many are expecting a rise in the interest rate.