Tag: Chilean Central Bank
Chilean Central Bank‘Copper insulated’ Chilean economy outperforming and Peso becoming too strong
The Chilean central bank raised its forecast for economic growth this year to between 4.75% and 5.25% (from 4% to 5%), adding that it expects GDP to expand 4% to 5% in 2013.
Chile’s 2013 budget based on 5% growth and copper at 3.06 dollars the pound
Chile is planning a 2013 budget with a tendency growth of 5% and an average long term basic copper price of 3.06 dollars the pound revealed finance minister Felipe Larraín together with Rosanna Costa, head of the Budget Office during a presentation before Congress.
Chile’s leaves basic rate unchanged at 5%; annual inflation in May, 3.1%
Chile’s central bank kept its benchmark interest rate unchanged at 5% for a fifth consecutive month as inflation in the world’s top copper producer eased and unemployment continued to decline.
Chile leaves basic rate unchanged at 5% for the fourth month running
Chile’s central bank kept its key interest rate unchanged at 5% for a fourth consecutive month as surging domestic demand and deterioration in the global economy leave little scope to change monetary policy.
Chilean inflation up in October for the third straight month; GDP expands faster
Consumer price inflation in Chile accelerated for the third straight month in October, data released by the National Institute of Statistics showed Tuesday.
Chile not immune but has “the tools to mitigate possible impacts”
Chile’s central bank and government have monetary and fiscal instruments to respond if growth moderates faster than forecast amid concern over the European debt crisis, bank board member Rodrigo Vergara said.
Chilean inflation in September picks up; central bank to keep buying dollars
Chilean inflation rose 0.5% in September and the trade balance narrowed as falling copper output forced the first monthly year-on-year fall in exports in over two years.
Chilean Peso in September slumps 10%, and copper slides 24%
Chile’s peso posted its biggest monthly drop since Lehman Brothers Holdings Inc. collapsed as a slump in copper dimmed trade prospects for the metal’s biggest producer. The peso sank 1.3% to 519.75 per US dollar on Friday.
Chile leaves benchmark rate unchanged, but warns about tight labor market
Chile’s central bank kept its benchmark interest rate unchanged this week for the third straight month and indicated that a tight labor market may prevent it from following Brazil and cutting rates next month.
Chilean central bank ends hike cycle early and keeps key rate unchanged
The Chilean central bank held its benchmark rate steady at 5.25% on Thursday for a second month running as inflation expectations ease and the global outlook darkens, boosting bets it has ended its rate hike cycle early.
