EconomyTop News

Chile’s central bank says looking at more options to jumpstart economy: minutes

1 Mins read
imageEconomy3 hours ago (May 22, 2020 09:05AM ET)

(C) Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Santiago

By Fabian Cambero

SANTIAGO (Reuters) – Chile’s central bank will consider further monetary impulse measures including non-traditional avenues to bolster the economy as the world’s no. 1 copper producer grapples with the impact of the global coronavirus pandemic, according to minutes of its latest policy meeting released on Friday.

The bank decided in May to keep the benchmark interest rate at a technical minimum of 0.5% – its lowest level since 2009 following a series of cuts over several months – while taking other measures to guarantee liquidity in the financial system.

The bank said it would consider taking further action to stimulate monetary impulse “with special attention to its impact on the flow of credit to the economy,” the minutes said, adding that it would study other, “non-traditional” measures to jump-start financial activity.

Chile’s central bank says looking at more options to jumpstart economy: minutes

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related posts
StockTop News

Forex - Dollar Strengthens as U.S.-China Tensions Rise

2 Mins read
Forex4 hours ago (May 27, 2020 02:42AM ET) (C) Reuters. By Peter Nurse Investing.com – The U.S. dollar bounced in early European…
StockTop News

Dollar Up on Back of Rising U.S.-China Tensions

1 Mins read
Forex6 hours ago (May 27, 2020 12:12AM ET) (C) Reuters. By Gina Lee Investing.com – The dollar was up on Wednesday morning…
StockTop News

Yuan Drop Steepens Amid Speculation China Allowing Depreciation

1 Mins read
Forex6 hours ago (May 27, 2020 12:09AM ET) (C) Reuters. Yuan Drop Steepens Amid Speculation China Allowing Depreciation (Bloomberg) — China’s currency…
Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Leave a Reply

Your email address will not be published. Required fields are marked *