After the health crisis, the war between Russia and Ukraine and the subsequent inflation that has affected much of the world, Chile has had to face a complex economic panorama. The rise in the cost of living and the variation of the dollar are fronts that have generated repercussions.
At the beginning of July, for example, the dollar reached historical amounts. For the first time, the exchange rate exceeded $1,000.
As a result of this context, the Central Bank has had to intervene in the financial market to reverse the rise. In the first instance, it sold dollars, through different instruments, for US$25 billion. Thus, it helped counteract the negative consequences that the event had had in different areas of the economy.
Then, at the beginning of September, the agency increased the monetary policy interest rate to 10.75% to encourage savings and continue the plan to face the difficult moment.
What is the price of the dollar today, October 2?
A) Yes, according to the information provided by the Banco Central, September ended with an observed price of the dollar amounting to $966. The exchange rate would fall this Monday, October 3, the first observed date of the month, to $960.24.