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Topic

Chile's central bank

Chile economy expected to grow 14.7pc in second quarter

Chile economy expected to grow 14.7pc in second quarter

Published 10 Jun, 2021 06:10pm
  • Inflation will hit 0.3% in June and 3.2%, within the bank's 2 - 4% target range, in the 11 months.
  • They expected bank policymakers to hold the benchmark interest rate at 0.50% - its lowest in a decade.
Chile peso falls, bonds steady after govt suffers defeat in constitution vote

Chile peso falls, bonds steady after govt suffers defeat in constitution vote

Published 17 May, 2021 07:03pm
  • With 90% of votes counted on Sunday, results showed candidates backed by President Sebastian Pinera's Chile Vamos coalition had won only a fifth, while independents picked up the most votes.
  • Chile's peso fell 1.75% to trade at 720.30/720.60 to the dollar at open, though the country's sovereign dollar-denominated bonds stood their ground.
Chile's copper export revenue jumps in April as price soars

Chile's copper export revenue jumps in April as price soars

Published 07 May, 2021 06:53pm
  • Chile, the world's top copper producer, said it had exported $4.541 billion worth of copper in April alone, a boon for its ailing economy following months of coronavirus-induced economic stagnation.
  • Swelling revenues from copper exports led to a trade surplus of $2.040 billion in April, the central bank said.
Chilean central bank to buy $12bn to replenish FX reserves

Chilean central bank to buy $12bn to replenish FX reserves

Published 13 Jan, 2021 08:52pm
  • The bank said it would take the step ahead of the closing off in mid-2022 of a flexible, $24 billion credit line extended by the IMF.
  • The board considers it prudent to initiate a process that allows it to replace the role of the FCL (flexible credit line) by gradually accumulating international reserves.
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