(Bloomberg) -- Chile's peso rose following reports
showing the economy and inflation rose more than expected,
prompting speculation the central bank will raise lending rates
later this month to slow inflation.
Economic activity, which includes key components of the
gross domestic product, increased 6.6 percent in April from a
year earlier, the central bank reported today on its Web site.
Growth was more than the 6.1 percent forecast from 16 analysts
in a Bloomberg survey. The annual rate of inflation climbed to a
nine-month high of 2.9 percent, the National Statistics
Institute said.
Read more at Bloomberg Currencies News
showing the economy and inflation rose more than expected,
prompting speculation the central bank will raise lending rates
later this month to slow inflation.
Economic activity, which includes key components of the
gross domestic product, increased 6.6 percent in April from a
year earlier, the central bank reported today on its Web site.
Growth was more than the 6.1 percent forecast from 16 analysts
in a Bloomberg survey. The annual rate of inflation climbed to a
nine-month high of 2.9 percent, the National Statistics
Institute said.
Read more at Bloomberg Currencies News
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