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Chilean Peso bonds remain at record high

Posted on 28 November 2008

From Bloomberg: Chile’s fixed-rate peso bonds remained at their highest level since the securities were issued in April amid speculation slowing inflation will allow the central bank to cut the benchmark interest rate.

Chile’s central bank said in a Nov. 13 report, it expects inflation to drop to 3 percent in 2010, from the current 9.9 percent annual pace. Policy makers, who next meet on Dec. 11, have raised the overnight interbank rate 2.25 percentage points to 8.25 percent this year in a bid to stem inflation….. Full Article: Source


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