Chile's De Gregorio hints at further hikes

Jose de Gregorio, the president of the Central Bank of Chile, warned that its key rate, now at a ten-year high, is likely to become steeper still.

De Gregorio said that inflation was the biggest and most persistent economic threat facing Chile and that failure to tackle it would have a major negative impact on future growth prospects and on the country's financial stability.

He said monetary policy for the foreseeable future would be aimed at brining inflation closer to the target level. Annua