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Stock Market / Finance in Chile

  • Chile Inflation closes 2015 above Central Bank's target range

    CHILE, 2016/01/16 In December, consumer prices were unchanged over the previous month, matching November’s reading. According to the Statistical Institute, the result mainly reflected that higher prices for transport were offset by lower prices for food and non-alcoholic beverages. Inflation rose notably from November’s 3.9%, which had marked the lowest price since March 2014, to 4.4% in December. As a result, inflation ended 2015 above the upper bound of the Central Bank’s target range of 3.0% plus/minus 1.0 % point.
  • Chilean peso depreciates to multi-year low at the beginning of 2016

    CHILE, 2016/01/16 The Chilean peso weakened to a fresh low in January, continuing the in general depreciation trend that has been in place since May 2013. The peso was somewhat volatile in recent weeks and on 11 January the currency traded at 731.9 CLP per USD, which was the weakest price in a lot of years. The reading represented a 3.2% depreciation over the same day in December 2015 and a 19.1% depreciation in annual terms. Since the beginning of this year, the peso lost 3.2% of its price.
  • Alberto Salas manager of the mining industry lobby

    CHILE, 2013/01/17 “This year we expect the industry to grow 6% mainly because of an increase in the production of copper which is expected to jump from 5.4 million tons in 2012 to 5.8 million tons”, said Alberto Salas manager of the mining industry lobby. He as well anticipated that the price of copper should range between 3.67 and 3.8 dollars the pound which is “coherent with the 3.6 dollars average at which the international market is currently trading” This in export terms means Chile in 2013 should be shipping overseas copper for the price of 55bn dollars.