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Chile central bank holds interest rate at 4.5% amid fuel price surge

BY Reuters | ECONOMIC | 05:07 PM EDT

March 24 (Reuters) - Chile's central bank on Tuesday held its benchmark interest rate at 4.5% in a unanimous decision, in line with expectations, as inflation remains within the bank's target range but the war in the Middle East raises oil prices and inflation expectations. (Reporting by Fabian Cambero, Brendan O'Boyle and Kylie Madry)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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