Tag: Chilean Central Bank

• Monday, July 18th 2022 - 08:56 UTC

  Chile injects US$ 25 billion liquidity to contain the exchange rate and inflation

  

  After the US dollar in Chile broke the milestone exchange rate of a thousand Pesos in June, the Central Bank reacted by announcing it will literally “flood” the market with 25bn dollars, of which 10bn to be supplied to the spot market, another 10bn covering future dollar operations, and 5bn in swap deals.

• Wednesday, December 15th 2021 - 09:50 UTC

  Chilean central bank increases interest rate reference to 4%, highest since 2014

  

  The Chilean Central Bank's Monetary Policy meeting on Tuesday raised the reference interest rate 125 base points to 4%, the highest since June 2014. The decision came as no surprise for markets since the bank is determined to contain inflation, (6,7% in the twelve months to November) and anticipated it will continue on the path for as long as necessary.

• Wednesday, October 13th 2021 - 15:41 UTC

  Chile's “wise men” recommend the basic rate be increased 100 points to 2,5%

  

  Chile's Monetary Policy Group, GPM, recommended on Tuesday that the Central Bank raises 100 points the Monetary Policy Rate, taking it from the current 1,5% to 2,5%, because of an upsurge of inflation and to safeguard the macroeconomic stability of the country.

• Monday, August 30th 2021 - 08:14 UTC

  Chilean central bank expected to hike the basic rate 25 points to 1%

  

  The Chilean central bank made public on Friday its latest Survey of Financial Operators, ahead of the Monetary Policy meeting scheduled to take place next Tuesday when most market analysts anticipate the bank will decide on a 25 points increase to its basic Monetary Policy rate from 0,75% to 1%.

• Monday, July 19th 2021 - 09:00 UTC

  Chile increases basic interest rate to 0,75%, working on a two year horizon

  

  Chilean Central Bank board members decided unanimously to increase the reference inter-bank interest rate some 25 base points to 0.75%, which represents the first rise in over two and a half years, given the improved economic prospects since the pandemic was triggered.

• Thursday, June 18th 2020 - 13:30 UTC

  Chile heading for its worst economic contraction in 35 years, central bank

  

  The Chilean central bank said on Wednesday that the economy of the world’s top copper producer would contract between 5.5% and 7.5% in 2020, taking it to the lowest levels since the Latin American debt crisis of the 1980s.

• Wednesday, June 17th 2020 - 08:35 UTC

  Chile's government agrees with opposition US$ 12bn stimulus package

  

  Chile’s government reached a deal with opposition lawmakers for a US$ 12 billion stimulus package over the weekend as infections hit a record and the health minister quit.

• Wednesday, December 4th 2019 - 09:50 UTC

  Chilean economy contracts 3.4% during October compared to a year ago

  

  Chile's economy contracted 3.4% in October from the same month a year ago, the central bank said, posting the single biggest drop in a decade as weeks of violent protests began sending shockwaves through the Chilean economy.

• Friday, July 31st 2015 - 05:33 UTC

  Dollar in Chilean Pesos climbs to its highest level since December 2008

  

  The US dollar ended Thursday trading in the Chilean money exchange market at its highest since December 2008, that is 674 Pesos for the greenback. Currently and seven years ago the main reason has been the US monetary policy: the sub-prime crash in the US and fears of the debacle expanding to the rest of the world, and now growing chances of the Federal Reserve deciding on a rise of the prime rate.

• Wednesday, November 19th 2014 - 07:12 UTC

  Chile grows 0.8% in Q3, and Central bank leaves basic rate unchanged at 3%

  

  Chile's economy grew 0.8% in the third quarter compared with the same period in 2013, the worst performance in five years, the Central Bank reported Tuesday. The bank also announced that the basic rate will remain unchanged at 3%.