Chilean stocks plummet (in dollar terms) after its normally hands-off central bank becomes the...

|By:, SA News Editor

Chilean stocks plummet (in dollar terms) after its normally hands-off central bank becomes the latest to intervene for a weaker currency, announcing it will sell pesos to purchase $12B of foreign exchange. This will also have the effect of building Chile's reserves against future global crisis. (ECH -3.58%).