Chile

BMI View: Stronger than expected inflation data, combined with a weak outturn in the economic activity indicator, suggest that the Chilean monetary authorities will keep its benchmark... 2007-02-06

The Chilean peso has continued to weaken, largely, we think, as a result of the decline in the price of copper since mid November 2006 - in line with the view we promoted at CLP527.40/US$... 2007-02-02

The Chilean peso failed to breach key resistance at CLP523.00/US$ in December, and as we had anticipated has since sold off. The unit broke below 18-month trendline support at CLP531.02/US$... 2007-01-11

The latest edition of our sovereign risk ratings capture two key developments that unfolded in 2006 and that will (we expect) unfold in 2007. The first theme we have observed is that... 2006-12-22

Chilean debt markets have been pricing in a moderation in the economy, which is in line with our recent decision to reduce our real GDP growth and inflation forecasts for 2006 and... 2006-12-07

Our cautious view of the Chilean peso over the past few months has played out, especially against the euro, which has strengthened sharply over the past week against EM currencies... 2006-12-04

Our call for short-term weakness in key Latin currencies is playing out, with the Chilean peso and the Brazilian real both demonstrating waning momentum.

Yesterday we highlighted the potential for short-term weakness in the Chilean peso, a view which played out as the unit fell to a three-week low of CLP527.40/US$. We mentioned that... 2006-11-14

After having traded around trendline support at CLP538.00/US$ during August and September, the Chilean peso has bounced significantly, breaching our short-term resistance target of... 2006-10-26

The Banco Central de Chile (BCC) kept its benchmark TPM interest rate at 5.25% on Thursday for the third consecutive meeting, in line with our view.