Chile’s forex intervention likely to stabilise peso

: Category: World Currency News Archives; Created: 04 December 2019; Hits: 512

HTTP/2 200 date: Wed, 04 Dec 2019 17:55:48 GMT content-type: text/html; charset=UTF-8 set-cookie: __cfduid=d32bbc42a99d756551d0aaf0cc19702051575482148; expires=Fri, 03-Jan-20 17:55:48 GMT; path=/; domain=.centralbanking.com; HttpOnly cache-control: max-age=2764800, public x-drupal-dynamic-cache: UNCACHEABLE link: ; rel="shortlink", ; rel="canonical" link: /www.centralbanking.com/sites/centralbanking/files/2017-03/apple-touch-icon.png>; rel="apple-touch-icon"; sizes="57x57" link: /www.centralbanking.com/sites/centralbanking/files/2017-03/apple-touch-icon-76x76.png>; rel="apple-touch-icon"; sizes="76x76" link: /www.centralbanking.com/sites/centralbanking/files/2017-03/apple-touch-icon-120x120.png>; rel="apple-touch-icon"; sizes="120x120" link: /www.centralbanking.com/sites/centralbanking/files/2017-03/apple-touch-icon-152x152.png>; rel="apple-touch-icon"; sizes="152x152" link: /www.centralbanking.com/sites/centralbanking/files/2017-03/apple-touch-icon-180x180.png>; rel="apple-touch-icon"; sizes="180x180" link: /www.centralbanking.com/sites/centralbanking/files/2017-03/icon-hires.png>; rel="icon"; sizes="192x192" link: /www.centralbanking.com/sites/centralbanking/files/2017-03/icon-normal.png>; rel="icon"; sizes="128x128" link: /incisive_centralbanking/images/favicons/centralbanking.ico>; rel="shortcut icon"; type="image/x-icon" x-ua-compatible: IE=edge content-language: en x-content-type-options: nosniff x-frame-options: SAMEORIGIN expires: Sun, 19 Nov 1978 05:00:00 GMT last-modified: Wed, 04 Dec 2019 17:52:40 GMT vary: Cookie,Accept-Encoding x-generator: Drupal 8 (https://www.drupal.org) x-request-id: v-dd612e90-16be-11ea-8bfb-6bbcbf819acb x-ah-environment: prod age: 187 via: varnish x-cache: HIT x-cache-hits: 11 cf-cache-status: DYNAMIC expect-ct: max-age=604800, report-uri="https://report-uri.cloudflare.com/cdn-cgi/beacon/expect-ct" server: cloudflare cf-ray: 53ffa7434af1ece2-YUL Chile’s forex intervention likely to stabilise peso – experts - Central Banking

The Central Bank of Chile is likely to succeed in stabilising the peso’s exchange rate with the massive foreign exchange interventions announced on November 28, but the path ahead may not be smooth, say observers.

Higher copper prices and an undervalued exchange rate will also contribute to tame volatility, says Quinn Markwith, Latin America economist with London-based consultancy Capital Economics.

“While there is likely to be more turbulence ahead for the Chilean peso, the big falls are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected]^[1] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe ^[2]

You are currently unable to copy this content. Please contact [email protected]^[3] to find out more.

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/^[4]

If you would like to

Chile’s forex intervention likely to stabilise peso – experts

News Archives