Macroeconomy/Finance

Central Bank reduces intervention in the exchange market

The Board of the Central Bank of Chile reports that it has decided to start a process of gradually reducing its selling position in the NDF market, starting next week. The current exchange intervention program, which began in November 2019, in the midst of the effects of the social crisis, aimed to reduce the excessive degree of exchange rate volatility, which made the decision of costs difficult.

Source: EMOL

Categories: Macroeconomy/Finance