(Bloomberg) -- Chile's peso advanced to the
strongest since May 2006 on expectations the central bank will
increase borrowing costs today.
Policy makers will increase the key overnight lending rate
by a quarter-percentage point to 5.25 percent at its policy
meeting, according to 18 of 19 economists Bloomberg News
surveyed. The currency has also been supported by the price of
copper, Chile's largest export, which has increased 9 percent in
the past 10 trading days.
Read more at Bloomberg Currencies News
strongest since May 2006 on expectations the central bank will
increase borrowing costs today.
Policy makers will increase the key overnight lending rate
by a quarter-percentage point to 5.25 percent at its policy
meeting, according to 18 of 19 economists Bloomberg News
surveyed. The currency has also been supported by the price of
copper, Chile's largest export, which has increased 9 percent in
the past 10 trading days.
Read more at Bloomberg Currencies News
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