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Day: January 11, 2008
January 112008
Chilean Target Rate Up to 6.25%
Central Bank of Chile decided yesterday to raise the main national lending rate from 6.00% to 6.25% in order to reduce the threat level of the rising inflation, which has now reached its highest level in almost ten years. The benchmark lending rate is now at its highest value since 2002. The average forecast among […]
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January 112008
Dollar Steady Even After Trade Balance Deficit Widens
The dollar showed a mild growth against the euro today even after the trade balance report showed the widening of the deficit. Against the Great Britain pound the U.S. dollar also went up, with GBP/USD hitting the lowest value since march — 1.9481, but lost the most of the gain after the trade balance release. The U.S. international trade balance deficit increased in November from $57.8 billion to $63.1 billion as the imports grew ten […]
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