Chile's central bank has cut its benchmark interest rate to 5.25% from 5.50%, in line with analysts' expectations. The bank stated that if the economic scenario outlined in its September report materializes, further rate reductions will be necessary. The bank also reaffirmed its commitment to a flexible policy to bring inflation towards 3% within the next two years. Analysts predict that the rate will reach 4.75% within five months. The bank cited fluctuations in oil and copper prices, driven by the conflict in the Middle East and Chinese stimulus packages, as factors affecting global financial markets.