The Chilean peso rallied after inflation jumped more than was forecast by economists, reducing probability of an interest rate cut by the nation’s central bank.
Chilean Peso CLP
Detailed information and fundamental factors
Central Bank: Central Bank of Chile
Interest Rate: 5.00%
Public Debt to GDP Ratio, 2010: 9.2%
Trade Balance, 2010: $15.86 bln.
Inflation, 2010: 1.4%
Supporting Factors
High-yielding interest rates
medium
Major commodity exporter
medium
Factors of Weakness
High-risk emerging country
weak
Chilean Peso News Archive
Chile’s Peso Goes Higher After Central Bank Maintains Key Interest Rate
December 14th, 2011 at 13:01
Chilean Peso
The Chilean peso rose today before returning to the opening price after Chile’s central bank kept the main interest rate unchanged for the sixth time, but analysts speculate that the adverse economic conditions still may spur the bank to lower the rates.
Chilean Peso Drops After Central Bank Maintains Interest Rates
November 16th, 2011 at 18:50
Chilean Peso
The Chilean peso went down today even as the nation’s central bank refrained from decreasing interest rates amid concerns about impact of the European crisis on the global economy.
Chile Maintains Main Interest Rate
October 14th, 2011 at 11:31
Chilean Peso
The Chilean peso rose today, paring its previous decline, after the Chilean central bank kept its key interest rate unchanged, but signaled about the possibility of a rate cut in the future.
Chilean Peso Goes Higher with Copper on Optimistic Mood
October 13th, 2011 at 4:25
Chilean Peso
The Chilean peso rose today as copper jumped, bolstered by the optimistic outlook for resolution of the debt crisis in the European Union.
Chilean Peso Falls as US Economy Reduce Risk Appetite
May 17th, 2011 at 16:20
Chilean Peso
The Chilean peso fell today as the economic data suggested that the US economy is slowing, therefore reducing demand from investors for higher-yielding, but riskier, currencies.
Chilean Peso Rises with Inflation Expectations
January 13th, 2011 at 14:29
Chilean Peso
The Chilean peso rose today as the inflation is expected to jump to the highest level in two years, causing the analysts to scrap forecasts that the interest rates won’t be increased.
Intervention Causes 20-Year Record Decline of Chilean Peso
January 05th, 2011 at 14:27
Chilean Peso
The Chilean peso dropped today most in twenty years after the central bank announced its intention to purchase $12 billion in the foreign-exchange market.
Chile’s Peso Rises on Industrial Production & Retail Sales
September 29th, 2010 at 13:23
Chilean Peso
The Chilean peso rose today after the report showed that the nation’s industrial production increased with fastest pace in more than four years and the retail sales grew.
Chilean Peso Goes Up as Demand for Copper Increases
September 02nd, 2010 at 12:04
Chilean Peso
The Chilean peso rose today as the outlook for the exports of the raw materials improved after the US and China reported about the better-than-expected growth of the manufacturing.