Wednesday, July 4, 2007

Chile's Peso Advances as Inflation Increases More Than Forecast in June

(Bloomberg) -- Chile's peso gained after a larger-
than-forecast increase in consumer prices in June fueled
speculation the central bank will lift interest rates next week.

Chile's consumer prices rose 0.9 percent in June from the
prior month, after a 0.6 increase in May, the National
Statistics Institute said. The figure was higher than the 0.5
percent median forecast in a Bloomberg News survey.


Read more at Bloomberg Currencies News

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