The Central Bank of Chile’s board voted unanimously to keep its policy rate unchanged at 1.75% on January 29.

The move appears to confirm that the central bank has abandoned the easing plans it had as recently as October 2019, just before the beginning of major protests across the country. Since the protests began, the Chilean peso has fallen 14% against the US dollar as of today (January 30) and the bank has lowered its growth forecasts.

“The evolution of inflation remains exposed to opposing