The Central Bank of Chile announced this Wednesday, October 13, the increase in its benchmark interest rate from 1.50% to 2.75%, the biggest rise in 20 years, in a context of inflationary pressures. The issuing entity made the decision to raise the so-called monetary policy rate (MPR) unanimously by the members of its Board, when […]
Tag: interest rate
Not even an interest rate hike would save the worst emerging currency
It is possible that the monetary policy makers of Chile announce the biggest hike to the interest rate key in two decades, however, even that is unlikely to prop up the burdened weight. The currency has fallen more than 11% in the second half of the year, the worst performance among the 24 emerging market […]