Tag: Jose de Gregorio

• 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.

• Monday, August 29th 2011 - 08:31 UTC

  Latin American central banks ready to reverse policy and cut interest rates

  

  Latin America’s central banks are coming to the end of steep rises in borrowing costs as the global economic outlook darkens and some are starting to consider policy loosening and interest rate cuts.

• 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.

• Tuesday, April 19th 2011 - 17:30 UTC

  Uruguay admits to IMF concern over inflation, but rejects capital flow controls

  

  Uruguay’s concern with inflation risks and instruments to ‘mitigate’ its impact was underlined by the region’s representative at the IMF Monetary and Financial Committee meeting in Washington where the IMF and World Bank are holding their spring meetings.

• Thursday, January 6th 2011 - 20:16 UTC

  Chile’s measures to weaken the Peso are working in the short term

  

  Chile's peso was operating Thursday at 495 to the US dollar after depreciating around 6% in two sessions on a 12 billion US dollars central bank intervention program announced this week.

• Thursday, January 6th 2011 - 12:05 UTC

  Record prices for copper plummet the US dollar to new lows against Chilean Peso

  

  The US dollar ended 2010 at a record low vis-à-vis the Chilean peso which has soared on the strong global demand for copper, the country’s main export. On Friday December 31st the US dollar was operating at 467.30 and 467.80 in Santiago’s money markets, which is the lowest since May 19, 3008 with 467.40.