SANTIAGO, Jan 26 (Reuters) - Chile's central bank hiked the country's benchmark interest rate on Wednesday by 150 basis points to 5.5% from 4.0% previously, above forecasts, as the entity tightens monetary policy to help rein in stubbornly high inflation.
The move follows a prior interest rate hike in December to 4.0% from 2.75% previously, as the Andean country's economy rebounds strongly from the coronavirus pandemic and the government grapples with rising prices. (Reporting by Anthony Esposito and Fabian Cambero)
