16 November 2011

COLOMBIA / PERU/ CHILE : Santiago Stays The Course: No Benchmark Rate Change.


      Most of Latin America's dynamic economies seem to be saying...'Why worry?'..over the developing eurozone crisis and slowdown...by keeping their benchmark interest rates...unchanged.
    Chile's central bank kept the overnight rate at 5.25%...for the 5th month.
    It joins Peru and Colombia in keeping the interest rate unchanged...despite the second-highest borrowing costs in Latin America's major economies.