The US and Chile seem to be diverging on interest rates, which explains why the Chilean peso has plunged by over 22% from its highest swing in 2023. In Chile, the central bank has delivered six rate cuts since 2023. It has moved rates from a peak of 11.25% in 2023 to the current 6.50% and the central bank has hinted that it will continue with the trend this year. The Federal Reserve, on the other hand, has maintained interest rates stable at a 23-year high of between 5.25% and 5.50%. With the US going through a reflation, most analysts believe that the bank will not cut rates this year.
https://www.investorsobserver.com/news/qm-news/5315859750063364
No comments:
Post a Comment