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Chile Holds Rates

Sep 14, 2012

Chile's central bank has held its interest rate again, in line with market expectations. The rate has been on hold since January 2012, when it lowered the benchmark by 25bp...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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