Our Chief Economist, Nathan Pincheira, was consulted by Diario Financiero regarding the new monetary policy decision to be taken by the Central Bank's Board.

"Not only is it an additional pressure to the exchange rate depreciation, but also, financially, it would be buying dollars more expensive than what its fundamentals indicate, which is bad business."

He added that: "at one point we thought that this should have happened. However, the effect was rather diffuse, with a significant initial depreciation".