Chilean Central Bank Does Not Say About Need for Weak Peso
The Chilean peso gained against the euro today as the nation’s central bank left its monetary policy interest rate unchanged and did not hint that it wants the currency to depreciate. The peso weakened against the US dollar.
The Central Bank of Chile left its key interest rate at 5 percent today. The bank did not speak about appreciation of the peso, like it was doing previously, mentioning the weakness of the dollar instead. Chile’s growth, which is already strong, is expected to increase in the future, while inflation is likely to remain strong.
EUR/CLP was down from 618.0650 to 617.1850 as of 16:07 GMT today. At the same time, USD/CLP rose from 472.8000 to 473.9500.
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Earlier News About the Chilean Peso:
- Chile's Central Bank Keeps Key Rate at 5%, Peso Stays Flat (2012-09-14)
- Central Bank of Chile Mentions Peso, Intervention Is Coming? (2012-08-18)
- Chile's Central Bank Holds Main Interest Rate, Peso Advances (2012-05-19)
- Chile's Central Bank Maintains Interest Rates (2012-02-16)
- Chile's Finance Minister Worried About Strength of Peso (2012-02-10)