The SNB of South America? Chile's central bank hikes rates for the 10th time in 11 months,...

|By:, SA News Editor

The SNB of South America? Chile's central bank hikes rates for the 10th time in 11 months, lifting its benchmark 50 basis points to 4.5%. The actions of Chile stand in stark contrast to India and China, which have fallen behind the inflation curve, allowing real rates to turn sharply negative.