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Articles Regarding Central Bank Autonomy Approved, CLP Advances

  • USDCLP extending declines to around 1% and pushing towards the 800 mark. Trend conditions have remained bearish as short-term gains were considered corrective.
    • The 50-day EMA around 812.62 has recently been probed but still offers a firm resistance area ahead of 832.75, the Feb 7 high. The bear trigger is 783.51, Feb 23 low.
  • Chile’s Constitutional Convention approved five proposals on central bank autonomy in general votes at committee level on Tuesday, according to the institution’s website.
    • All articles call for maintaining the central bank’s autonomy.
    • Some proposals call for broadening the bank’s mandate beyond price stability to also include factors such as climate change and employment. (BBG)

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