Tag: Chilean Peso

• 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.

• Thursday, November 28th 2019 - 09:55 UTC

  Congress urges Piñera to use the “constitutional tools” to quell the violence. Chilean Peso plummets to new low

  

  Chilean lawmakers agreed late on Wednesday to fast-track reforms to beef up security, warning that a resurgence in violence and vandalism was threatening to derail the country’s 30-year-old democracy.

• Friday, November 15th 2019 - 09:50 UTC

  New record high for the US dollar in Chilean markets: 820 Pesos

  

  Chile's central bank announced a US$ 4 billion injection to stop a currency slide that saw the peso reach historic lows on successive days this week. The peso fell to 820 to the dollar at the close Thursday, breaking the 800 Pesos milestone.

• Wednesday, November 13th 2019 - 09:49 UTC

  Protests continue in Chile as economy faces “grave consequences” and Peso plunges to a historic low

  

  Chile’s finance minister warned on Tuesday of the “grave consequences” for the nation’s economy of three weeks of often violent unrest after the peso slid 4% to hit a historic low against the dollar. Ignacio Briones said the weakening of the peso was a “sign of worry” that he and his colleagues were watching very carefully.

• Sunday, August 26th 2018 - 04:35 UTC

  Argentina's Peso falls 1.42% on Friday, despite a weaker dollar following Fed's Powell speech

  

  Argentina’s peso currency fell 1.42% to a record low close of 30.92 per dollar on Friday, weighed down by an economy slipping into recession, high inflation and uncertainty driven by corruption investigations.

• Saturday, August 23rd 2014 - 06:46 UTC

  Chilean Peso depreciation expected to continue in coming months

  

  The US dollar climbed to 584 Chilean Pesos at the end of trading in the Santiago money market, signaling a slow but steady increase for several months now and with prospects of continuing according to analysts. A greenback at 600 Pesos is not far away according to market analysts.

• Wednesday, April 24th 2013 - 01:06 UTC

  Chile’s growing concern with soaring Peso and plummeting dollar in local market

  

  Chilean authorities are feeling “calmer” with the exchange rate nearing 480 pesos per US dollar, Finance Minister Felipe Larrain said on Tuesday, as the currency retreated from the year-and-a-half highs it reached earlier this month.

• Friday, February 8th 2013 - 05:13 UTC

  Economic activity in Chile expanded 4.7% in December and 5.5% in the twelve months

  

  Economic activity in Chile grew 4.7% in December from the year earlier on gains in the service and retail industries, and ended the twelve months of 2012 with an expansion of 5.5% over the previous year according to Central bank data.

• Friday, March 9th 2012 - 00:20 UTC

  Chilean inflation on target, in spite of February’s spike, says minister

  

  Chilean inflation accelerated in February fuelled by transport and food costs, reinforcing expectations the central bank will hold its key interest rate steady next week.

• 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.