Chile central bank acknowledges ‘very important depreciation’

Issue will feature at next week’s monetary policy meeting

Central Bank of Chile
Central Bank of Chile
Photo: Central Bank of Chile/Flickr

The Chilean central bank will address a recent bout of currency depreciation at its monetary policy meeting next week, Bloomberg reported on October 18.

“The peso has seen a very important depreciation and long-term interest rates have risen,” the central bank said. Staff will consider the falling currency, as well as increasing commodity prices, “in the framework of the monetary policy decision”. That decision will be announced on October 26.

The peso has fallen nearly 5.8% against the US

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