Currency has been devaluing since Oct. 21, pressured by the proximity of the expected monetary policy decision and protests against the government
The Chilean peso remained stable after the country’s central bank decided to cut interest rates by 25 basis points to 1.75%.
On 24.10, the Chilean peso traded up 0.04% against the dollar. In a statement, the country’s monetary authority also stated that, in the short term, economic activity will be hampered by the stoppages that began in the third week of October.
Source: Valor Globo
