Chile unexpectedly halts forex interventions

In December, interventions helped peso appreciate, but it has resumed downward trend

Central Bank of Chile
The Central Bank of Chile
Photo: Central Bank of Chile/Wikimedia Commons

The Central Bank of Chile has unexpectedly halted the foreign exchange interventions it had been using to support the weakening national currency.

From today (January 13), the institution suspended the daily dollar auctions it started on December 2. It will only renew the stocks of exchange hedging instruments it sold during these weeks, worth $4.5 billion.

When it unveiled the programme on November 28, 2019, the central bank said it planned to maintain the interventions until May 29, 2020

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account