11 agosto 2010

Chile’s central banker: ‘Capital inflows are worrying me’ | beyondbrics | Financial Times

beyondbrics | FT.com, 11/08/2010, extracto/excerpt.-

Growing concern amongst Asian central bank governors about capital inflows, which have seen a number of countries embrace once-dreaded capital controls, appears to be spreading to Latin America. Chile’s unflappable central bank governor, José De Gregorio, today expressed his concern about the growing number of foreign investors piling money into emerging markets. He says it is time to keep an eye on capital inflows.

According to El Mercurio newspaper, this is what he had to say at a seminar:

Capital flows are worrying me . . . This is not yet a problem in the Chilean economy, but we have to remain relatively alert and thinking about what implications this will have for monetary policy.


High copper prices, global stock market gains and the expectation that Chile’s central bank will continue to raise rates regularly have helped push the peso currency higher - it recently touched a five-month high. It has eased a little today against the dollar, trading around 513 to the greenback

No hay comentarios.: