The Chilean peso advanced today as consumer inflation accelerated more than analysts have expected. The data spurred speculations that the central bank may raise interest rates to slow growth of consumer prices.
The Consumer Price Index rose 0.4 percent in March from February. The median forecast was at 0.3 percent. Annual inflation accelerated from 1.3 percent to 1.5 percent. Economists think that the Central Bank of Chile may raise borrowing costs if inflation continues to beat predictions.
USD/CLP declined from 469.2500 to 468.0500 as of 14:23 GMT today.
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