Ir al contenido principal

Chilean Central Bank maintains the interest rate

Imagen
De
In it's monthly monetary policy meeting, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5% (annual).

Acording the press release released by the organism, international financial conditions are stable. Incoming economic indicators for the United States are mixed, while the Eurozone remains in recession and in a fragile fiscal and financial situation. The Bank of Japan recently announced a substantial quantitative easing program, which has translated into a depreciation of the yen. The prices of commodities receded in recent weeks, especially for copper.
About the chilean economy, the Central Bank explains that february’s activity indicator was below market expectations. The labor market is still tight and domestic demand remains dynamic. Credit conditions are somewhat more restrictive. Headline and core inflation measures are around 1% and 2% y-o-y, while inflationary expectations in the policy horizon remain around the target. The peso has appreciated further in multilateral terms.

The Board reiterates its commitment to conduct monetary policy with flexibility, so that projected inflation stands at 3% over the policy horizon. Any future changes in the monetary policy rate will depend on the implications of domestic and external macroeconomic conditions on the inflationary outlook.
Etiquetas:

Comentarios

Publicar un comentario

Entradas populares de este blog

2012 GeoPark Results: another year of overall growth

De
GeoPark Holdings Limited ("GeoPark") announced yesterdary it's results for the year ended 31 december 2012, registering it's seventh consecutive year of overall growth. Acording to the corporate action presented to the SVS, during last year the company continued to execute it's business plan and grow it's key performance measures of oil and gas production, revenues, EBITDA and net income. James F. Park, CEO of GeoPark, commented: " Our 2012 results represent a significant performance step-up and reflect the growing strength of our underlying asset foundation andrecord of execution. In 2012, GeoPark demonstrated improvements in each of its three principalcapacities as an oil and gas explorer, operator and consolidator--with increases in production,reserves, and cash flows and new project growth in Colombia and Tierra del Fuego. Our team's ability to consistently find and produce oil and gas, our strengthening balance sheet and reliable cash flow g...
Publicar un comentario
Leer más

Equipo de última tecnología permitirá obtener nuevos registros oceanográficos en fiordos y canales de Magallanes

De
Dada su geografía, la Región de Magallanes y de la Antártica Chilena es considerada una de las zonas de Chile más vulnerables a los efectos del cambio climático. Pese a ello, existe poca información científica respecto de las actuales condiciones medioambientales de sus ecosistemas marinos. Gracias a la adjudicación del Programa de Equipamiento Científico y Tecnológico, Fondequip, un grupo de investigadores instalará un equipo de última tecnología que permitirá conseguir registros oceanográficos desde Punta Arenas hasta Puerto Williams. Se trata de científicos del Centro de Investigación Dinámica de Ecosistemas Marinos de Altas Latitudes (IDEAL) de la Universidad Austral de Chile (IDEAL) , quienes anexarán un sistema de medición permanente en el ferry “Yaghan” perteneciente a Transbordadora Austral Broom. Con él podrán obtener datos de diversos parámetros de la superficie de los fiordos y canales del sur de la región. “Desarrollaremos un sistema de medición continuo ...
Publicar un comentario
Leer más

First Quarter 2013: Concha y Toro increases in 2.2% it's sales

De
Viña Concha y Toro S.A. informed today its preliminary sales for the first quarter 2013. Consolidated sales totaled CLP $ 88,416 million, showing a 2.2 percent increase as compared to the same quarter last year. Related to this, it is important to consider that export market volumes were affected by the port strike in Chile during March; where around 1,485 thousand liters couldn’t be shipped, acording to the same company.  For this quarter, sales of export markets in Chilean Pesos, increased 3.8 percent; sales of wine in the domestic market dropped by 5.8 percent; Domestic market – New Business increased 2.1 percent. In the case of Argentina, Domestic Sales reached CLP$1.047, decreasing 30.9 percent from the CLP $1.516 registered in the same period of the last year. This result was affected by the fall of 37.6% in the sales volume, which represents only CLP $775 compared with the CLP $1.241 of the first quarter of 2012.  Finally, USA (Fetzer) Domestic sales rose t...
Publicar un comentario
Leer más