Chile Central Bank Monetary Policy Interest Rate (Chile) - Historical Data
Historical time series of the Chile Central Bank Monetary Policy Interest Rate set by the Central Bank of Chile (BCCH) from 1997 to 2026. From 1997 onwards: official monetary policy rate. The latest benchmark reading is 4.50% (Sep 2026), corresponding to an ex-post real policy rate of +0.37% after adjusting for Chile headline CPI inflation (4.13%).
Current Statistics & Historical Records
Peak monetary tightening by Central Bank of Chile (Chile Central Bank Monetary Policy Interest Rate).
Lowest policy interest rate stance set by Central Bank of Chile.
30 annual observations · Monthly
Chile Central Bank Monetary Policy Interest Rate (Chile) (1997-2026)
% p.a.Drag to pan, scroll to zoom, or toggle between full archive (1997–2026) and recent monthly observations.
BCCH Policy Rate Averages by Decade
Decadal mean, peak, and trough across the 1997–2026 archive
| Decade | Years Covered | Decade Mean | Decade High (Year) | Decade Low (Year) |
|---|---|---|---|---|
| 1990s | 1997–1999 | 6.43% | 7.80% (1998) | 5.00% (1999) |
| 2000s | 2000–2009 | 4.35% | 8.25% (2008) | 0.50% (2009) |
| 2010s | 2010–2019 | 3.50% | 5.25% (2011) | 1.75% (2019) |
| 2020s | 2020–2026 | 5.43% | 11.25% (2022) | 0.50% (2020) |
Complete Annual Historical Ledger (1997–2026)
Unit: % p.a. · Source: Bank for International Settlements (BIS) & Central Bank of Chile (WS_CBPOL:M:CL)
| Year | Annual Value (% p.a.) | Real Policy Rate (CPI-Adj) | Intra-Year Range (Min – Max) | Monetary Regime & Historical Context |
|---|---|---|---|---|
| 2026 | 4.50% | +1.02% | 4.50% – 4.50% | - |
| 2025 | 4.50% | +0.28% | 4.50% – 5.00% | Post-tightening monetary recalibration across advanced and emerging central banks |
| 2024 | 5.00% | +0.74% | 5.00% – 8.25% | G10 policy rates peak and pivot toward gradual monetary normalization |
| 2023 | 8.25% | +0.56% | 8.25% – 11.25% | - |
| 2022 | 11.25% | -0.36% | 5.50% – 11.25% | Global inflation surge triggers fastest synchronized rate hiking cycle in four decades |
| 2021 | 4.00% | -0.51% | 0.50% – 4.00% | - |
| 2020 | 0.50% | -2.55% | 0.50% – 1.75% | COVID-19 pandemic emergency rate cuts and record balance sheet expansion |
| 2019 | 1.75% | -0.80% | 1.75% – 3.00% | - |
| 2018 | 2.75% | +0.32% | 2.50% – 2.75% | - |
| 2017 | 2.50% | +0.32% | 2.50% – 3.25% | - |
| 2016 | 3.50% | -0.30% | 3.50% – 3.50% | Bank of Japan introduces Yield Curve Control (YCC); post-Brexit BoE easing |
| 2015 | 3.50% | -0.85% | 3.00% – 3.50% | - |
| 2014 | 3.00% | -1.71% | 3.00% – 4.50% | ECB and European peers introduce Negative Interest Rate Policy (NIRP) |
| 2013 | 4.50% | +2.70% | 4.50% – 5.00% | - |
| 2012 | 5.00% | +1.99% | 5.00% – 5.00% | - |
| 2011 | 5.25% | +1.91% | 3.25% – 5.25% | European Sovereign Debt Crisis and Swiss franc safe-haven surge |
| 2010 | 3.25% | +1.73% | 0.50% – 3.25% | - |
| 2009 | 0.50% | -1.07% | 0.50% – 7.25% | - |
| 2008 | 8.25% | -0.46% | 6.25% – 8.25% | Global Financial Crisis drives major central banks to the zero lower bound and QE1 |
| 2007 | 6.00% | +1.61% | 5.00% – 6.00% | - |
| 2006 | 5.25% | +1.85% | 4.50% – 5.25% | - |
| 2005 | 4.50% | +1.45% | 2.50% – 4.50% | - |
| 2004 | 2.25% | +1.19% | 1.75% – 2.25% | - |
| 2003 | 2.25% | -0.57% | 2.25% – 2.75% | - |
| 2002 | 3.00% | +0.51% | 3.00% – 6.00% | - |
| 2001 | 6.50% | +2.93% | 3.50% – 6.50% | Dot-com bust and synchronized G10 monetary easing cycle |
| 2000 | 5.00% | +1.16% | 5.00% – 5.50% | - |
| 1999 | 5.00% | +1.66% | 5.00% – 7.25% | Launch of the Euro and establishment of the European Central Bank (ECB) |
| 1998 | 7.80% | +2.68% | 7.00% – 14.00% | - |
| 1997 | 6.50% | +0.36% | 6.50% – 7.25% | Asian Financial Crisis triggers emergency EM currency defense hikes |
Frequently Asked Questions - BCCH Policy Rate
What is the current Chile Central Bank Monetary Policy Interest Rate?
As of Sep 2026, the Chile Central Bank Monetary Policy Interest Rate is 4.50% per annum. Adjusted for headline inflation (4.13%), the ex-post real policy rate in Chile stands at +0.37%.
What was the highest and lowest Central Bank of Chile interest rate on record?
Across the 1997-2026 archive, the Chile Central Bank Monetary Policy Interest Rate reached a record high of 14.00% in Sep 1998 and a record low of 0.50% in Jul 2009. The long-run annual mean is 4.53%.
What is the Central Bank of Chile inflation target?
The Central Bank of Chile operates with an official inflation target of 3.0% Over Two-Year Horizon. Its statutory mandate is: Look after the stability of the currency and the normal functioning of internal and external payments.
Source Metadata & Methodology Notes
- Primary Institution:
- Bank for International Settlements (BIS) & Central Bank of Chile
- Dataset / Dataflow:
- BIS Central Bank Policy Rates (WS_CBPOL)
- Canonical Series ID:
- WS_CBPOL:M:CL
- Reuse & License:
- Terms of permitted use of BIS statistics
- Primary compilation: From 1997 onwards: official monetary policy rate.
- Reporting agency: Central Bank of Chile; harmonized and disseminated via the BIS WS_CBPOL statistical dataflow.
- Annual table values represent the year-end (December or latest available month) policy rate reading; minimum and maximum columns record the intra-year policy rate corridor.
- Ex-Post Real Policy Rate series is computed as Nominal Policy Rate (% p.a.) minus contemporaneous year-on-year Headline CPI Inflation (% from BIS WS_LONG_CPI).
Cite This Dataset (APA & BibTeX)
@misc{cbd_cbpol_chile,
author = {CentralBankData.com},
title = {Chile Central Bank Monetary Policy Interest Rate (Chile)},
note = {Compiled from Bank for International Settlements WS_CBPOL:M:CL},
year = {2026},
url = {https://centralbankdata.com/chile-central-bank-interest-rate}
}