Chile Central Bank Keeps Key Rate at Two-Decade High

The video discusses the central bank's decision to hold interest rates at 11.25%, the highest since 1998, and the implications of this decision. Despite expectations of a dovish tilt, the statement emphasized high inflation and risks to reaching the 3% target. The appreciation of the peso by 20% in recent months is noted as a factor that could ease inflationary pressures. Market perception of Chilean assets is improving, with BTG Pactual and JP Morgan showing positive outlooks. Insights from a meeting with Governor Hosana Costa highlight the stakes involved in monetary policy decisions.

What was the inflation rate mentioned for December, and how does it compare to the target?

What factors are influencing the market perception of Chilean assets according to the text?