Tag: Chilean Central Bank

• Saturday, October 1st 2011 - 05:42 UTC

  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.

• Saturday, September 17th 2011 - 02:50 UTC

  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.

• Friday, August 19th 2011 - 09:38 UTC

  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.

• Saturday, August 6th 2011 - 08:47 UTC

  Unasur central bankers anticipate moderation in the region’s growth

  

  Unasur (Union of South American Nations) central bankers meeting on Friday to discuss global financial turbulence saw heightened risks and a moderation in the region's growth, they said in a joint statement published by Chile's central bank.

• Saturday, July 16th 2011 - 07:08 UTC

  Chilean central bank leaves benchmark rate unchanged at 5.25%

  

  The Chilean central bank kept its benchmark interest rate unchanged this week for the first time since January as signs of slower growth abroad and a moderation in domestic output and demand provided space to delay additional increases.

• Thursday, February 10th 2011 - 00:54 UTC

  Chile extends foreign exchange market intervention program to tame strong peso

  

  The Chilean central bank announced Tuesday it would maintain the pace of a 12 billion US dollars foreign exchange intervention to tame the strong peso between Feb. 9 and March 8, and continue to buy 50 million of US currency daily.