The Central Bank of Chile is likely to succeed in stabilising the peso’s exchange rate with the massive foreign exchange interventions announced on November 28, but the path ahead may not be smooth, say observers.
Higher copper prices and an undervalued exchange rate will also contribute to tame volatility, says Quinn Markwith, Latin America economist with London-based consultancy Capital Economics.
“While there is likely to be more turbulence ahead for the Chilean peso, the big falls are
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