Central Bank will strengthen liquidity in pesos and dollars due to the Coronavirus

The Chilean Central Bank announced the expansion of the current dollar and peso liquidity management program to mitigate the impact of the Coronavirus. Specifically, the REPO and FX Swap programs will be extended until January next year to facilitate liquidity management in the local financial system in the face of worsening financial conditions in international markets.

Coronavirus hits Chilean hotel industry

The arrival of the Coronavirus has hit the hotel industry with the cancellation of several business events. Forty percent of business trips are foreign visitors, so today it is Chileans who are sustaining the demand. And the outlook is for this to continue in the coming weeks due to CONVID-19.