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LatinNews Daily - 14 November 2019
In brief: Chile’s central bank injects US$4bn into financial system
* Chile’s central bank (BCCh) has announced it will inject up to US$4bn into the domestic financial system to ensure that there is enough liquidity in the system to deal with the sharp fall in the value of the peso in recent days. This is the second measure adopted by the BCCh to try to arrest the peso’s free fall. Previously the bank had issued a “verbal intervention”, but this did little to stop the peso’s slump which closed yesterday (13 November) at Cl$795/US$1. In a statement, the BCCh said the monetary injection is aimed at “mitigating eventual tensions in the financial markets that could occur due the combining of the recent social events with the lesser liquidity that is usually observed in the last stage of the year”. This measure will begin on 14 November and will continue until 9 January.
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