Chile central bank acknowledges ‘very important depreciation’

The Chilean central financial institution will deal with a latest bout of foreign money depreciation at its financial coverage assembly subsequent week, Bloomberg reported on October 18.

“The peso has seen an important depreciation and long-term rates of interest have risen,” the central financial institution mentioned. Employees will contemplate the falling foreign money, in addition to growing commodity costs, “within the framework of the financial coverage determination”. That call can be introduced on October 26.

The peso has fallen almost 5.8% in opposition to the US

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